Business Desk:
The yield on Five-Year Bangladesh Government Treasury Bonds (BGTBs) marked a sharp rise on Tuesday as banks showed reluctance to invest in the securities.
The cut-off yield, generally known as the interest rate, on the BGTBs rose to 12.39 per cent on the day from 11.48 per cent earlier, according to auction results.
The government borrowed Tk 35 billion through issuing the BGTBs on the day to partially meet its budget deficit.
Besides, the government borrowed Tk 5.0 billion on the day through reissuing Three-Year Floating Rate Treasury Bonds (FRTBs).
The cut-off yield on the FRTB rose to 13.15 per cent on the day from 12.49 per cent earlier.
“The earlier auction of the FRTBs held on Tuesday last was cancelled due to a technical glitch,” a senior official of the Bangladesh Bank (BB) told the media.
