Getting no output with a simple bteq code in windows powershell

Question

Getting no output from the below code:

PS C:\WINDOWS\System32> $PWD = import-Clixml -path "C:\BCBS\cred.xml";
    $BTEQ
    ".logon dbname\username,$PWD
      select infokey from dbc.dbcinfo
    .logoff"
    $BTEQ| bteq 
 
   ## $BTEQ
  
.logon dbname\username,System.Management.Automation.PSCredential
      select infokey from dbc.dbcinfo
    .logoff
BTEQ 16.20.00.07 (32-bit) Thu Feb 25 08:46:56 2021 PID: 16336
 
+---------+---------+---------+---------+---------+---------+---------+----
 *** BTEQ exiting due to EOF on stdin.
 *** Exiting BTEQ...
 *** RC (return code) = 0