Government Fully Awards Treasury Bills with Lower Rates Amid Easing US-Iran Tensions

The government fully awarded its Treasury bills offered on Monday, with rates declining across all maturities. This outcome is attributed to improved risk sentiment in the market, as tensions between the United States and Iran have reportedly eased, leading to a decrease in global oil prices. The 91-day bill yield dropped by 43 basis points to 27.98%, and the 182-day instrument settled at 28.68%.