MTB Auction - Yields Decline Slightly in Latest Auction
MG News | January 20, 2016 at 05:28 PM GMT+05:00
The Central Bank sold Treasury Bills worth Rs. 304.98 Billion against a pre-auction target of Rs.350 Billion. Yields declined marginally across all tenors. The SBP had received bids for Rs.606 billion mostly concentrated in 3M and 1Y.
| Tenor | Maturity | Bids # | Bid Amount | Bid Range |
|---|---|---|---|---|
| 3M | 14-Apr-16 | 61 | 228,263.00 | 6.0803 - 6.3933 |
| 6M | 21-Jul-16 | 62 | 140,074.15 | 6.0960 - 6.3092 |
| 12M | 19-Jan-17 | 106 | 237,901.48 | 6.0950 - 6.3325 |
| 606,238.63 |
Out of the Above, the SBP accepted the following:
| Tenor | Cutoff Yld | W.A Yield | Realized | Face Value |
|---|---|---|---|---|
| 3M | 6.1697 | 6.1617 | 73,688.08 | 74,733.00 |
| 6M | 6.1812 | 6.1662 | 55,996.32 | 57,718.00 |
| 12M | 6.2306 | 6.1702 | 162,535.67 | 172,537.00 |
| 304,988.00 |
In addition to the above the SBP accepted Rs.24.88 billion from Non competitive bids making the total size of the Auction Rs.329.87 Billion.
| Tenor | 20-Jan-16 | 06-Jan-16 | Change |
|---|---|---|---|
| 3M | 6.1697 | 6.3038 | -0.1341 |
| 6M | 6.1812 | 6.3092 | -0.128 |
| 1Y | 6.2306 | 6.3098 | -0.0792 |
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