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MTB Auction: Bid Pattern

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January 29, 2020 (MLN): The State Bank of Pakistan released the Bid Pattern for today's MTB Auction.

Auction target is Rs.500.00 billion against a maturing amount of Rs.565.80 billion, showing a net retirement of Rs.65.80 Billion.

Link to Full Bid Pattern

In the previous auction cut off yield for 3, 6 and 12 months was 13.4694, 13.289 and 13.134 percent. If the SBP maintains the cut of yields it should be able to pick up Rs.948,831.56 Million with Rs. 830,495.66 million for 3 months, 19,469.00 million for 6 months and 98,866.90 million for 12 months.

Summary of Auction Bids

Tenor Maturity Low Yield High Yield W.A.Yield # of Bids Amount* Pct of Bids
3m 2020-04-23 13.2898 13.5899 13.4298 261 949,755.66 80.21%
6m 2020-06-30 13.1901 13.6997 13.4402 19 61,969.00 5.23%
1y 2021-01-28 13.03 13.7499 13.2468 56 172,366.90 14.56%
            1,184,091.56  

* Amount in Rs.Million.

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Posted on: 2020-01-29T15:28:00+05:00

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