August 25, 2021 (MLN): The State Bank fo Pakistan(SBP) conducted an auction on Wednesday in which it sold Market Treasury Bills (MTBs) worth Rs.633.88 billion for 3 and 6 months.

Auction target was Rs.800.00 billion against a maturing amount of Rs.851.00 billion.

Cut off yield for 3 and 6 months were 7.2347 and 7.4389 percent.

Total amount offered was Rs.1,555.38 billion out of which the SBP accepted Rs.547.51 billion. The SBP received bids worth Rs.322.12 billion for 3 months and Rs.1,053.76 for 6 months out of which it accepted Rs.123.33 billion and Rs. 424.19 billion respectively. All bids for the 12 month T-Bill were rejected.

In addition the SBP picked up Rs.86.37 billion from the non-competitive auction, making the total amount accepted Rs.633.88 billion.

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