MTB Auction - Yields Decline Slightly in Latest Auction

MG News | January 20, 2016 at 05:28 PM GMT+05:00

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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.

Bids Received
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:

Auction Result
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.

Yield Comparison Vs Previous Auction
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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Name	Price/Vol	%Chg/NChg
KSE100	161,631.73 408.94M	3.13% 4898.86
ALLSHR	98,254.73 951.34M	2.71% 2590.07
KSE30	49,377.29 213.50M	3.40% 1624.91
KMI30	232,700.28 121.13M	2.88% 6525.03
KMIALLSHR	64,179.60 399.93M	2.39% 1496.52
BKTi	46,334.17 105.09M	5.56% 2441.42
OGTi	31,362.73 10.58M	1.56% 482.31

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	109,880.00	111,630.00 107,835.00	2925.00 2.73%
BRENT CRUDE	64.58	65.15 63.81	0.21 0.33%
RICHARDS BAY COAL MONTHLY	80.50	0.00 0.00	-1.25 -1.53%
ROTTERDAM COAL MONTHLY	92.90	92.90 92.90	-0.25 -0.27%
USD RBD PALM OLEIN	1,082.50	1,082.50 1,082.50	0.00 0.00%
CRUDE OIL - WTI	60.88	61.38 59.99	0.31 0.51%
SUGAR #11 WORLD	14.42	14.49 14.20	0.14 0.98%