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.
