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Money Market
Securities
Issued by Common
Investors
Common
Maturities
Secondary
Market Activity
Treasury bills
Federal
Government
Households, firms
and financial
institutions
13 weeks, 26
weeks. 1 year
High
Retail
certificates of
deposit (CDs)
Banks and saving
institutions
Households 7 days to 5 years
or longer
Nonexistent
Negotiable
certificates of
deposit (NCDs)
Large banks and
saving Institutions
Firms 2 weeks to 1 year Moderate
Commercial
paper
Bank holding
companies,finance
companies and
other companies
Firms 1 days to 270
days
Low
Eurodollar
Deposit
Banks located
outside the
country
Firms and
government
1 day to 1 year
Nonexistent
Bankers
acceptances
Banks ( exporting
firm can sell the
acceptance at a
discount obtain
funds)
Firms 30 days to 270
days
High
Federal Funds
Depository
institutions
Depository
institutions
1 day to 7 days Nonexistent
Repurchase
agreements
Firms and
financial
institutions
Firms and
financial
institutions
1 day to 15 days Nonexistent
Money Market Securities
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T-Bill Yield 28 days 91 days 182 days 364 days 2
y
e
a
r
s
5
y
e
a
r
s
28 days 6.84% --
91 days 8.52% 1.68% --
182 days 9.15% 0.63% 0.63% --
364 days 9.76% 0.61% 0.61% 0.61% --
2 years 10.62% 0.86% 0.86% 0.86% 0.86% -
-
5 years 10.69% 0.07% 0.07% 0.07% 0.07% 0.07% --
Source : Bangladesh Bank
Yield Volatility of T-bills in Bangladesh
(As of 27-07-2010 Auction no.255 )
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Figure 1.1: - This
is an upward
sloping yield
curve or normalyield curve which
indicates that the
higher the
Maturity, the
higher the yield.
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Recent Activity of Bangladesh Bank
about Treasury Bonds
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T-Bills Issuance Calendar FY 2014-2015
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Repo :
Repo is a commitment of the seller to the buyer to buy back the instrument as and when the
buyer intends to sell. This is an arrangement between seller and buyer.
Auction
dateTenor
Bids received Bids accepted
Total bids Total
amount
(cr Taka)
Int.
rate(%)
Total bids Amount
(cr Taka)
Cut-off
rate(%)
19/12/20
11
01 4 13590.65 7.2500 Bid not
accepted.
Total 4 13590.6
5
0 0
18/12/20
11
01 4 13523.66 7.2500 Bid not
accepted.
Total 4 13523.6
6
0 0
Repo with Bangladesh Bank
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Auction
dateTenor
Bids received Bids accepted
Total bids Amount
(cr Taka)
Range of
rate(%)
Total bids Amount
(cr Taka)
Cut-off
rate(%)
31/07/20
14
3 1 50 10.2500 1 30 10.25
Total 1 50 1 30
27/07/20
14
4 1 50 10.2500 1 30 10.25
Total 1 50 1 30
Special Repo with Bangladesh Bank
Auction
dateTenor
Bids received Bids accepted
Total bids Amount
(cr Taka)
Range of
rate(%)
Total bids Amount
(cr Taka)
Cut-off
rate(%)
15/12/20
14
1 2 70 5.2500 2 70 5.2500
Total 2 70 2 70
14/12/20
14
1 1 25 5.2500 1 25 5.2500
Total 1 25 1 25
Reverse Repo with Bangladesh Bank
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Auction date
Volume Repo Tenor Interest rates
No. of
transactions
Total amount
(cr Taka)
Range of tenor
in days
Int rate (%) Weighted
average rate
(%)
15/12/2014 26 2926.3158 1-3 6.25-7.50 7.3700
14/12/2014 34 3542.4943 1-7 6.25-8.30 7.2700
Inter-Bank Repo
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