-
Money market experts said that short-term rates may come down further after the phased cash reserve ratio cut from September.
-
Experts said that the fall in yield on the treasury bills is expected to help reduce pricing of other money market instruments. This may help corporates and banks by way of lower borrowing cost.
-
Majority of the subscription has come into treasury bills, which is almost double of the previous year
-
This has happened after nine years for the 182-day T-Bill, and after 23 months for the 91-day T-Bill, as per RBI data. Last time, when the central bank did not accepted bids on 182-day and 91-day T-Bills was on February 24, 2016, and on March 29, 2023, respectively.
-
While the primary market volume stood at Rs 5,624.85 crore as on November 18, 2024, secondary market total traded volume stood at Rs 941.57 crore, suggesting that activity in the secondary market remains muted.
-
If you're looking for a low-risk investment option with relatively short maturity periods, Treasury Bills (T-bills) can be a great choice. They are backed by the government, making them one of the safest investment options.
-
The yield on the 364-day treasury bill dipped to 6.7240% in an auction on Wednesday, the least since September 2022. The yield on other very short-dated papers also dipped.
-
So far in this month, the central bank conducted seven VRRR auctions to remove excess surplus liquidity from the banking system.
-
The cut-off yield on 91-day T-bills has increased by 55 basis points (bps) over one year, while that of 182-day and 364-day bills saw a rise of 33 bps and 27 bps, respectively
-
After all of February's Treasury bill auctions, the cut-off yield remained above the 10-year benchmark bond.
-
In bond market parlance, yield curve inversion means short-term bonds trading at a yield higher than longer-term bonds.
-
The cut-off yield on 182-day Treasury Bills was set 7.1701 percent, which was marginally higher than current trading yield of 7.1620 percent on 10-year
-
Simultaneously, banks have reduced their ownership in 182-day T-Bills by six percent and 364-day T-Bills by around 10 percent.
-
According to RBI data, the cut-off yield on the 91-day treasury bill was 6.9349 percent on October 25, the highest this fiscal year. It dropped to 6.9325 percent on November 1.
-
On the other hand, the yield on state development loans remained mostly unchanged compared to the week before.
-
Total primary market subscription in absolute terms rose to Rs 2,571.67 crore as on August 21, from Rs 1,809.86 crore on April 3 as investors utilised the arbitrage between T-bills and bank saving accounts.
-
The move will remove a little over Rs 1 lakh crore from the banking system, pushing up short-term rates of money market instruments like treasury bills, commercial papers, call money, etc.
-
State governments invested Rs 91,059 crore in treasury bills in the primary market in May compared to Rs 77,693 crore in April, shows RBI data.
-
According to RBI data, the total number of registrations stood at 99,548 as on May 8, 2023, compared to 69,536 on October 10, 2022.
-
The dollar edged higher against major currencies, with the dollar index up 0.256%.
-
Scheduled banks held securities worth Rs 56.63 lakh crore as on April 7, up Rs 1.09 lakh crore from the previous fortnight on March 24, according to RBI data.
-
Investors sought higher cut-off yields. The last time the RBI rejected bids on the 91-day treasury bills was on February 24, 2016.
-
The last time the RBI rejected bids on the 91-day treasury bills was on February 24, 2016, as per the central bank's database.
-
The Reserve Bank of India (RBI) on December 6 has announced 7.69 percent per annum rate of interest on the Floating Rate Bonds (FRB) maturing in 2031
-
In the previous week's auction, the cut-off yield on T-Bills eased after rising for consecutive weeks. The cut-off yield on the 91-day T-Bill fell by 4 bps, while on the 182-day and 364-day T-bills it fell by 8 and 10 bps, respectively.
