Money Market
In the Treasury bill auction held on Sunday, bid for BDT 2,835.00 million was accepted, compared with BDT 2,464.00 million in the previous week's bid. Weighted average yield of 28-D & 91-D t-bill increased to 5.09 percent and 5.70 percent from 4.97 percent and 5.19 percent.

International FX Market
In the beginning of the week, the dollar rose to a four-and-a-half month high against the yen, buoyed by expectations that upcoming US jobs data would give the Federal Reserve another reason to raise rates more aggressively. The dollar also rallied to six-week peaks against the euro, Swiss franc and sterling. The jobs report, due on Friday, will be the highlight of a US data -- heavy week that includes the final reading of fourth-quarter gross domestic product and the February reading of the PCE price index -- an inflation gauge favoured by the Fed.

The dollar slipped from a five-month high against the yen in the middle of the week as the US currency's two-week rally stalled before a raft of upcoming economic data. Revised economic growth figures are due later in the day ahead of the Federal Reserve's preferred inflation gauge on Thursday and key US employment data on Friday. The dollar has climbed over four percent against the euro and nearly four percent against the yen since mid-March as investors have bet on more aggressive interest rate rises in the US. A speech by Federal Reserve Board Governor Ben Bernanke at 1700 GMT will be scrutinised to clues on the likely course of the US interest rates.

By the end of the week, the dollar retreated from a five-month high against the yen and lost ground against the euro on Thursday ahead of inflation data that could give clues as to how fast US interest rates will rise. Investors were reluctant to take aggressive positions ahead of the US Federal Reserve's favoured measure of inflation due at 1330 GMT as well as Friday's US jobs report and the Bank of Japan's tankan survey of business sentiment. Trading was subdued in Asia, as Japanese companies and banks close their books for the fiscal year ending on Thursday. Sterling was on the back foot after data from nationwide building society showed that British house prices fell at their sharpest rate in nearly decade in March.

-Standard Chartered Bank