Dhaka, Feb. 11 -- The yield on five-year treasury bonds remained broadly unchanged on Tuesday as the central bank purchased a further US$171 million from 11 banks to help stabilise the exchange rate of the US dollar against the local currency.

The cut-off yield, commonly referred to as the interest rate, on Bangladesh Government Treasury Bonds (BGTBs) edged up marginally to 10.32 per cent from 10.31 per cent earlier, according to auction results.

"Most banks are now parking excess liquidity in government-approved securities as private sector credit demand remains weak ahead of the upcoming national election," a senior Bangladesh Bank (BB) official told The Financial Express, explaining the latest market dynamics.

He added that higher r...