The State Bank of Pakistan conducted an auction on Wednesday in which it sold T-Bills worth Rs.113.996 Billion for 3 months. The Bids for 6 months were rejected while no bids were made for the 12 month T-Bill.
The 3 month cut off yield remained unchanged at 10.3013 percent.
Auction Target was Rs.100 Billion against a maturing amount of Rs.11.560 Billion.
Earlier, SBP had received bids worth Rs.107.302 Billion for 3 and 6 months. The SBP accepted Rs.103.902 billion in the competitive auction and Rs.10.093 Billion in the non-competitive auction making the total amount accepted Rs.113.996 Billion