CB rejects all bids at 50-month T.Bond auction

Friday, 17 April 2015 04:46 - - {{hitsCtrl.values.hits}}

Central Bank yesterday rejected all bids at a 50-month t-bond auction to raise Rs. 5 billion. The Central Bank did not give any reason for the rejections. The auction received total bids worth Rs. 26.8 billion. The coupon rate indicated was 10.6%. In secondary bond markets, yields were seen increasing during morning hours of trading yesterday leading to the Treasury Bond auction. However, following the outcome of the auction at where all bids were rejected, the first such occurrence in five years, yields was seen tumbling once again on the back of buying interest.

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