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Easing Ahead

The Central Bank offered and accepted bids for Rs.

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6.565 bn despite the auction being oversubscribed with bids for Rs. 12.461 bn.

rnrnBids on offer this week included re-issues of Rs. 5.565 bn in maturing bills and Rs.

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1.000 bn in fresh issues.

rnrnThe weighted average yield for three month notes slipped three basis points to 12.83 percent, six month bills lost six basis points to 12.87 percent and one year treasuries dropped ten basis points to 13.

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52 percent.rn