MTB Auction – Yields Up and All 12M Bids Rejected

    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.

    TenorMaturityBids #Bid AmountBid Range
    3M18-Feb-1660192,585.006.2144 – 6.4828
    6M26-May-162157,160.006.3519 – 6.4800
    12M24-Nov-1663,701.006.4005 – 6.4914
       253,446.00 

    Out of the Above, the SBP Accepted the following

    TenorCutoff YldW.A YieldRealizedFace Value
    3M6.39336.3691121,198.51122,975.00
    6M6.39466.38379,749.6610,060.00
    12MBids Rejected
        133,035.00

    Changes in Yield

    Tenor25-Oct-1511-Oct-15Change
    3M6.39336.25910.1342
    6M6.39466.30920.0854
    12M6.3098

    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