January 13, 2021 (MLN): The State Bank fo Pakistan(SBP) conducted an auction on Wednesday in which it sold Market Treasury Bills (MTBs) worth Rs.580.55 billion for 3 and 6 months.

Auction target was Rs.475.00 billion against a maturing amount of Rs.532.00 billion.

Cut off yield for 3 and 6 months were 7.1691 and 7.2002 percent.

Total amount offered was Rs.666.26 billion out of which the SBP accepted Rs.519.51 billion. The SBP received bids worth Rs.642.06 billion for 3 months and Rs.22.20 billion for 6 months out of which it accepted Rs.517.81 billion and Rs.1.70 billion respectively. All bids for the 12 month T-Bill were rejected.

In addition the SBP picked up Rs.61.04 billion from the non-competitive auction, making the total amount accepted Rs.580.55 billion.

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