2019/05/23

364-day bill weighted average crashes to 64-week low

The benchmark 364-day bill weighted average was seen dropping below the psychological level of 9% for the first time since 5 September 2018 at its weekly auction held yesterday. The drop of 28 basis points saw it registering a 64-week or over a 15-month low weighted average of 8.90% which was closely followed by the 182-day bill dipping by 17 basis points to 8.71%. Nevertheless, all bids received on the 91-day bill were rejected. The total offered amount of Rs. 20 billion was fully accepted as the bid to offer ratio stood at 4.05:1. –   Daily Ft



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