Moving Up

Yields for three month treasuries move up at Wednesdays auction indicating market demand for short-term maturities.
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rnHowever, the Central Bank said that yields for six and twelve month paper rnremained unchanged.

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rnResults as follows:

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rn Bids rn Rcvd

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rn rn Amount Accp

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rn Avg. rn Yield %

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rn Rs. rn mn

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rn Rs. rn mn

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rn This rn week

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rn Last rn week

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Three rn months

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rn 8,902

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rn 3,024

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rn 7.84

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rn 7.83

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Six rn months

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rn 1,236

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rn 235

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rn 7.81

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rn 7.81

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One rn year

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rn 3,076

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rn 552

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rn 7.77

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rn 7.77

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Total

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rn 13,214

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rn 3,811

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