MTB Auction Result: SBP Sells T-Bills worth Rs. 50.509 Billion

MG News | August 29, 2018 at 04:51 PM GMT+05:00

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SBP conducted a MTB auction on Wednesday in which it sold T-Bills worth Rs.50.509 billion for 3 months. Cut off yield remained unchanged at 7.75%

Earlier, the SBP had received bids worth Rs.33.282 Billion for the 3 Month MTB.

SBP received no bids for the 6 and 12 month instrument signaling market’s reluctance to invest for longer terms with the expectation of further interest rate hikes.

The auction target was Rs.1,300 Billion against a maturing amount of Rs.1,332.525 Billion.

The SBP accepted Rs.31.282 Billion from the competitive bids and Rs. 19.227 billion from the non-competitive bids making the total accepted amount Rs.50.509 Billion.

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Name	Price/Vol	%Chg/NChg
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Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	103,215.00	104,305.00 101,110.00	1480.00 1.45%
BRENT CRUDE	62.87	62.88 62.34	0.16 0.26%
RICHARDS BAY COAL MONTHLY	85.25	0.00 0.00	0.15 0.18%
ROTTERDAM COAL MONTHLY	96.20	96.20 96.20	0.65 0.68%
USD RBD PALM OLEIN	1,082.50	1,082.50 1,082.50	0.00 0.00%
CRUDE OIL - WTI	58.61	58.63 58.12	0.12 0.21%
SUGAR #11 WORLD	14.59	14.77 14.52	0.07 0.48%