T-Bill rate up across all the maturities at primary auction

The Treasury bill rate fell at the previous primary auction due to heavy demand for short term investments as people moved their money for safe assets to counter the rising inflation. But it reversed at the primary auction held today as the rate of 91Days bill jumped by 0.59 bps, 182Days up by 0.84 bps and 364Days also rose by 0.58 bps. Interestingly CBSL has managed to sell more T-bills to market and successfully reduce the money printing at the weekly T-bill auctions.