SBP maintains Cut-Off Yield on Pakistan Investment Bonds

The State Bank of Pakistan maintained the cut-off yield on long term bonds for the tenor of three, five and ten years. Participation from the financial institutions was not very active in the tenure of ten year bonds.

The Central Bank conducted an auction and received bids worth Rs 75.6 billion from the financial institutions where bids worth Rs 54.47 billion were accepted by the State Bank of Pakistan.

The central bank sold Rs. 20.869 billion worth of three year bonds at a cut off yield of 6.409 percent, Rs 10.457 billion worth of five year bonds at cut-off yield of 6.896 percent and Rs 23.148 billion worth of 10 year bonds at cut-off yield of 7.936 percent.

The bank hasn’t received any bids for 20 years.