Dhaka, June 16 -- The upward trend in yields on treasury bills (T-bills) continued on Sunday as banks showed reluctance to invest their excess liquidity in the risk-free securities.

The cut-off yield-generally referred to as the interest rate-on the 91-day T-bills rose to 12.10 per cent from 12.02 per cent in the previous auction, while the yield on the 364-day T-bills climbed to 12.24 per cent from 12.00 per cent.

However, the yield on the 182-day T-bills remained unchanged at 12.11 per cent, according to the auction results.

"Most banks have shown reluctance to invest their excess funds in government-approved securities ahead of the upcoming June closing," a senior official of the Bangladesh Bank (BB) told The Financial Express, expl...