June 17, 2009 (LBO) – Treasury bill yields edged down and the government sold more than the offered volume at an auction Wednesday, a day after the Central Bank cut rates by 50 basis points, the debt office said.
The government sold 6.4 billion rupees of 12-month bills, 525 million rupees of 6-month bills and 6.4 billion rupees of 12-month bills.
On Tuesday the Central Bank cut its main signal policy rate to 11.0 percent. The 12-month yield plummeted 79 basis points to 12.60 percent.
The 3-month yield fell 05 basis points to 11.56 percent and the 6-month yield fell 09 basis points.