February 24, 2021 (MLN): The State Bank fo Pakistan(SBP) conducted an auction on Wednesday in which it sold Market Treasury Bills (MTBs) worth Rs.791.51 billion for 3 and 6 months.

Auction target was Rs.850.00 billion against a maturing amount of Rs.810.00 billion.

Cut off yield for 3 and 6 months were 7.2486 and 7.5498 percent.

Total amount offered was Rs.1,095.20 billion out of which the SBP accepted Rs.759.90 billion. The SBP received bids worth Rs.256.61 billion for 3 months and Rs.765.09 for 6 months out of which it accepted Rs.241.61 billion and Rs. 518.29 billion respectively. All bids for the 12 month T-Bill were rejected.

In addition the SBP picked up Rs.31.61 billion from the non-competitive auction, making the total amount accepted Rs.791.51 billion.

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