Secondary trading of the government’s fixed income securities declined 11.41 per cent in the first quarter of the current fiscal year, reports The Financial Express. Latest statistics, released by the central bank, showed that value of the secondary trading of treasury bills and treasury bonds stood at Tk 40.27 billion in July-September period of FY19.
The value was Tk 45.46 billion in the same period of FY18, according to the central bank statistics.
Treasury bills and bonds are short-term and long-term fixed income government securities and also tradable in the financial market.
Besides these, there are other fixed income securities but not tradable in the market. These are the savings certificates.
By selling all these securities, the government borrow from the market which is known as non-bank borrowing.