The Hindu Business Line : Yields on T-bills up

The yields on the 91-day and 364 day Treasury-Bills were higher than last week, said dealers and the Reserve Bank of India had to lower the cut-off price.

For the 364-day T-bill, the notified amount was Rs 2,000 crore, out of which Rs 1,000 crore was Market Stabilisation Scheme amount.

The RBI received 52 competitive bids, amounting to Rs 4,740 crore. The cut-off price was Rs 93.97 (6.43 per cent YTM). The cut-off yield at the previous auction was 6.25 per cent, dealers said. The RBI accepted 16 competitive bids amounting to Rs 2,000 crore.

The partial allotment percentage of competitive bids was 67.19 per cent from five bids. The weighted average price was Rs 93.98.

The RBI also received and accepted one competitive bid for Rs 650 crore. The partial allotment percentage was 100 per cent.

For the 91-day T-bill, the notified amount was Rs 2,000 crore, out of which Rs 1,500 crore was market stabilisation scheme (MSS) amount.

The RBI received 37 competitive bids, amounting to Rs 1,281 crore. The cut-off price was Rs 98.6 (5.69 per cent YTM). The cut-off yield at the previous auction was 5.65 per cent, said dealers.

The RBI accepted 13 competitive bids, amounting to Rs 511 crore. Of this, Rs 11 crore was MSS amount. The weighted average price was Rs 98.6. The RBI also received and accepted one competitive bid for Rs 6.25 crore. The partial allotment percentage was 100 per cent.

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