Feb 12, 2020 (MLN): The State Bank fo Pakistan(SBP) conducted an auction on Wednesday in which it sold Market Treasury Bills (MTBs) worth Rs.293.16 billion for 3, 6 and 12 months.

Auction target was Rs.300.00 billion against a maturing amount of Rs.197.70 billion.

While the Cut Off Yield for 3 and 6 months remained relatively stable at 13.4149 (-1.47 Basis points) and 13.2999 (+1.09 basis points), the Cut Off Yields for the 12 month T-Bill went up by 38.59 basis points to 13.5199 percent.

Total amount offered was Rs.1,061.03 billion out of which the SBP accepted Rs.274.56 billion. The SBP received bids worth Rs.778.78 billion for 3 months, Rs.129.90 billion for 6 months and Rs.152.36 billion for 12 months out of which it accepted Rs.142.60 billion, Rs. 1.70 billion and Rs.130.26 billion respectively.

In addition the SBP picked up Rs.18.61 billion from the non-competitive auction, making the total amount accepted Rs.293.16 billion.

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