PIB Auction – SBP Sells Bonds worth 94Bn against target of 50Bn

MG News | October 07, 2015 at 07:30 PM GMT+05:00

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The State Bank conducted an auction on Oct 07, 2015 in which it sold bonds worth 94 Bn against a pre-auction target of 50 bn. This was the first auction since the policy rate cut and yields were marginally lower compared to the previous auction of Sept 09, 2015.

The highest concentration of bids was for the 5Y Bond, followed by the 3Y and 10Y bonds while the 20Y Bond received no bids.

Below is the summary of the auction

Tenor	Bid Amount	% of Total Bids	Amount Accepted	% of Total Accepted	Cut Off Yield
3Y	88,572.00	44.93%	39,982.00	42.50%	7.1967
5Y	103,075.00	52.29%	53,600.00	56.97%	8.1805
10Y	5,492.80	2.79%	500	0.53%	9.2299
20Y	0
Total	197,139.80		94,082.00

*Bid & Accepted Face Value in Millions

Cut Off Yields Fall

Yield Comparison to Previous Auction

Tenor	Oct 07, 2015	Sep 09, 2015	Change
3Y	7.1967	7.3536	-0.1569
5Y	8.1805	8.3338	-0.1533
10Y	9.2299	9.3406	-0.1107
20Y	-	-	-

The 20Y Bond has not received any bids in the last 9 Auctions.

The Next PIB Auction is scheduled for Nov, 18 2015

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Name	Price/Vol	%Chg/NChg
KSE100	134,299.77 290.06M	0.39% 517.42
ALLSHR	84,018.16 764.12M	0.48% 402.35
KSE30	40,814.29 132.59M	0.33% 132.52
KMI30	192,589.16 116.24M	0.49% 948.28
KMIALLSHR	56,072.25 387.69M	0.32% 180.74
BKTi	36,971.75 19.46M	-0.05% -16.94
OGTi	28,240.28 6.19M	0.21% 58.78

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	118,140.00	119,450.00 115,635.00	4270.00 3.75%
BRENT CRUDE	70.63	70.71 68.55	1.99 2.90%
RICHARDS BAY COAL MONTHLY	97.50	0.00 0.00	1.10 1.14%
ROTTERDAM COAL MONTHLY	108.75	108.75 108.75	0.40 0.37%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	68.75	68.77 66.50	2.18 3.27%
SUGAR #11 WORLD	16.56	16.60 16.20	0.30 1.85%