In the recent Treasury Bills (T-Bills) auction held on Wednesday, cut-off yields experienced a significant decrease of up to 59 basis points (bps), as reported by the State Bank of Pakistan (SBP). Against a targeted amount of Rs. 100 billion, the government successfully raised Rs. 283 billion in the auction.
The 3-month T-Bills saw a 45 bps reduction in the cut-off yield to 20.9996 percent, while the 6-month T-Bills recorded a 44 bps decrease to 20.9601 percent. Moreover, the cut-off yield for the 12-month T-Bills declined by 59 bps to 20.8449 percent.
During the competitive auction, the government raised Rs. 20.37 billion for the three-month paper, Rs. 11.25 billion for the six-month, and Rs. 34.81 billion for the 12-month T-Bills. Additionally, non-competitive bids contributed Rs. 216.80 billion, bringing the total amount raised to Rs. 283.23 billion.
