📈 Govt Raises Only Half of T-Bill Target as Yields Climb

• Auction Overview: The Public Debt Management Office raised Rs. 71,744 million in its latest Treasury Bill auction today, securing just 51.2% of its Rs. 140,000 million target. This shortfall occurred despite strong market interest, with total bids reaching Rs. 201,006 million. • Yield Breakdown: Interest rates saw a notable increase across all three maturities compared to the previous auction: • 91-Day: Rose to 10.09% (up from 9.84%) • 182-Day: Rose to 10.27% (up from 10.01%) • 364-Day: Rose to 10.16% (up from 10.02%) • Maturity Allocation: The government heavily favored short-term borrowing, accepting Rs. 56,598 million for the 91-day maturity. Longer-term debt saw minimal acceptance, with only Rs. 8,924 million taken for 182-day bills and Rs. 6,222 million for 364-day bills.