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.
Posted on: 2015-11-26T08:20:00+05:00
