March 27, 2019 (MLN): The State Bank of Pakistan released the Bid Pattern for today's MTB Auction.

Auction Target is Rs.650 Billion against a maturing amount of Rs.590.93 Billion, showing an additional requirement of Rs.59.07 Billion

The SBP received bids worth Rs.10.389 Billion for 3 Months, however if the SBP maintains the 3 Months cut off from previous auction at 10.55 percent, it will only be able to raise Rs.389.30 Million.

No bids were received for the 6 month and 12 month T-Bills.

With the monetary policy set to be announced on Friday and the market expecting a rate hike, the participation has, not surprisingly, been very low.

Link to Full Bid Pattern

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