The Public Debt Management Office of the Ministry of Finance, Planning and Economic Development raised Rs. 71,744 million in its latest Treasury Bill auction today (10), falling significantly short of its Rs. 140,000 million target. While the auction attracted substantial market interest with Rs. 201,006 million in total bids received, the government chose to accept only 51.2% of the offered amount.

Interest rates saw a notable increase across all three maturities compared to the previous auction. The 91-day maturity yield rose to 10.09% from 9.84%, while the 182-day bills increased to 10.27% from 10.01%. The 364-day bills reached a yield of 10.16%, up from 10.02%.

The largest portion of the accepted funds came from the 91-day maturity, which accounted for Rs. 56,598 million. In contrast, the government accepted only a fraction of the bids for longer-term debt, taking just Rs. 8,924 million for 182-day bills and Rs. 6,222 million for 364-day bills.