August 7, 2019 (MLN): The State bank of Pakistan (SBP) conducted an auction on Wednesday in which is sold Market Treasury Bills (MTB) worth Rs.1.276 trillion for 3, 6 and 12 months.
Auction Target was Rs.2 trillion against a maturing amount of Rs.3.2 trillion
Cut off Yields for 3 and 6 month remained unchanged at 13.7499 and 13.95 percent while the yield for 12 months went up marginally to 14.2499 percent.
Earlier the SBP had received bids worth Rs.1.452 trillion, which was mostly concentrated in the shorter 3 month tenor.
Out of the Bids, the SBP accepted Rs.1.157 trillion for 3 months, Rs.4.927 billion for 6 months and Rs.94.40 billion for 12 months.
The SBP accepted an additional Rs.19.572 billion in the non-competitive bids making the total accepted amount Rs.1.276 trillion.
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