The SBP conducted an auction on Wednesday in which it sold PIB’s worth Rs.19.9668 billion for 3, 5 and 10 years.
The Auction target was Rs.50 Billion against a maturing amount of Rs.14.982 Billion.
No Bids were made for the 20 year PIB.
The SBP sold Rs.6.685 Billion for 3 years, Rs.1.750 Billion for 5 and Rs.11.233 Billion for 10 years.
The cut off yields for 3, 5 and 10 years were 12.25%, 12.70% and 13.15%