MTB Auction - Yields Up and All 12M Bids Rejected

MG News | November 26, 2015 at 08:20 AM GMT+05:00

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The SBP sold Rs.133.035Bn in Treasury Bills against a pre-auction target of Rs.150bn in its lastest MTB auction conducted on Wednesday. The Yields witnessed an increase and all Bids for the 12M instrument were rejected. The Cutoff for 3M was up 13.5bps at 6.3933 and the 6M was up 8.5bps at 6.3946.

The SBP Recieved Bids worth Rs.253.446Bn mostly concentrated in the 3M instrument.

Tenor	Maturity	Bids #	Bid Amount	Bid Range
3M	18-Feb-16	60	192,585.00	6.2144 - 6.4828
6M	26-May-16	21	57,160.00	6.3519 - 6.4800
12M	24-Nov-16	6	3,701.00	6.4005 - 6.4914
			253,446.00

Out of the Above, the SBP Accepted the following

Tenor	Cutoff Yld	W.A Yield	Realized	Face Value
3M	6.3933	6.3691	121,198.51	122,975.00
6M	6.3946	6.3837	9,749.66	10,060.00
12M	Bids Rejected
				133,035.00

Changes in Yield

Tenor	25-Oct-15	11-Oct-15	Change
3M	6.3933	6.2591	0.1342
6M	6.3946	6.3092	0.0854
12M	-	6.3098	-

In the Non Competitive Auction the SBP sold T-Bills worth Rs.8.14Bn, making the total size of the Auction Rs.141Bn.

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Name	Price/Vol	%Chg/NChg
KSE100	170,810.57 193.26M	-0.18% -305.25
ALLSHR	102,653.43 484.54M	0.02% 22.61
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Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	80,860.00	82,725.00 80,640.00	475.00 0.59%
BRENT CRUDE	104.76	105.99 103.82	3.47 3.43%
RICHARDS BAY COAL MONTHLY	110.00	0.00 0.00	-5.00 -4.35%
ROTTERDAM COAL MONTHLY	107.10	0.00 0.00	0.00 0.00%
USD RBD PALM OLEIN	1,191.50	1,191.50 1,191.50	0.00 0.00%
CRUDE OIL - WTI	98.79	100.37 97.65	3.37 3.53%
SUGAR #11 WORLD	14.78	14.85 14.76	0.09 0.61%