The yield on 91-day treasury bills has declined to 8.93%, falling below the 9% threshold. This represents a decrease from the 9.19% yield recorded just one week prior, driven by an accumulation of excess liquidity in the banking system.
Economy
Excess bank liquidity drives treasury bill yields below 9%
Yields on 91-day treasury bills have dropped to 8.93% due to a surplus of liquidity within the banking sector.
Source: The Business Standard