Excess liquidity eyeing Rs. 160 b level

Thursday, 23 April 2015 09:50 -     - {{hitsCtrl.values.hits}}

  • Primary and secondary market yields continue to plunge

The surplus liquidity in the banking system was seen soaring to a 53-month high of Rs. 130.82 billion yesterday and is expected to increase above Rs. 160 billion by Friday on the back of Open Market Operation (OMO) maturities. Wealth Trust Securities said in line with this and continued buying interest across the yield curve, primary and secondary market yields continued to dip yesterday. At yesterday’s weekly Treasury bill auction, weighted averages were seen declining across all three maturities, with the 182 day maturity reflecting the sharpest decline of 18 basis points to 6.35%.

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