The Central Bank announced that it conducted an auction in which it sold Rs. 214.25 Billion worth of T-Bills against a pre-auction target of Rs.250Bn. It had received Bids for Rs.612.90bn, the highest amount being in 12M (Rs. 277bn), followed by 3M (185bn) and 6M (149bn) . Out of these SBP Accepted 65bn in 12M, Rs.49.75Bn in 6M and Rs.99.00Bn in 3M. Cut Off Yields also decreased in all three tenors.
Cut Off Yield Comparison Vs Previous Auction
The Amount of T-Bills Sold in the Non Competitive Auction was Rs.16Bn.