News From Press Low demand from mutual funds: Reduced surplus liquidity pushes up yields on commercial papers, treasury bills

Low demand from mutual funds: Reduced surplus liquidity pushes up yields on commercial papers, treasury bills

The yields on T-bills rose more than 6 basis points in the last three weeks and during the latest auction, the central bank set a cut-off yield of 3.3439% on a 91-day T-bill.

Source: FE Sep 24, 2021

Yields on commercial papers (CP) and treasury bills (T-bill) maturing in three months rose by 10-15 basis points due to narrowing of surplus liquidity in the banking system and low demand from mutual funds.

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