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

    Out of the Above, the SBP Accepted the following

    TenorCutoff YldW.A YieldRealizedFace Value
    12MBids Rejected

    Changes in Yield


    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