August 11, 2021 (MLN): The State Bank fo Pakistan(SBP) conducted an auction on Wednesday in which it sold Market Treasury Bills (MTBs) worth Rs.400.67 billion for 3 and 6 months.

Auction target was Rs.700.00 billion against a maturing amount of Rs.712.00 billion.

Cut off yield for 3 and 6 months were 7.2401 and 7.4851 percent.

Total amount offered was Rs.1,378.30 billion out of which the SBP accepted Rs.335.60 billion. The SBP received bids worth Rs.264.61 billion for 3 months and Rs.956.19 for 6 months out of which it accepted Rs.105.11 billion and Rs. 230.49 billion respectively. All bids for the 12 month T-Bill were rejected.

In addition the SBP picked up Rs.65.07 billion from the non-competitive auction, making the total amount accepted Rs.400.67 billion.

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