Dhaka, March 17 -- Yields on Treasury bills (T-bills) saw a significant increase on Sunday as banks showed reluctance to invest their excess liquidity in the securities ahead of the Eid festival.
The cut-off yield, commonly referred to as the interest rate, on the 91-day T-bills rose to 10.75 per cent, up from the previous level of 10.35 per cent, while the yield on the 182-day T-bills climbed to 10.90 per cent, compared to the earlier level of 10.84 per cent.
These bills are short-term investment instruments issued through auctions conducted by the central bank on behalf of the government.
Meanwhile, the yield on the 364-day T-bills increased to 11.09 per cent, up from 10.79 per cent earlier, according to the auction results.
On the da...