SBP raises Rs792bn via T-bills auction, yields jump by 55-75bps
MG News | June 01, 2022 at 11:16 PM GMT+05:00
June 01, 2022 (MLN): The cut-off yields of T-bills were increased by up to 75 basis points in the auction conducted by the State Bank of Pakistan (SBP) on Wednesday.
The government raised Rs792 billion through the auction of three, six, and twelve-month T-bills against the target of Rs750bn and maturity of Rs651bn.
The cut-off yields for 3-month, 6-month, and 12-month T-bills saw a jump of 75, 55, and 75 basis points to stand at 15.25%, 15.25%, and 15.50%, respectively.
The market had offered Rs1,003bn, out of which the government accepted bids amounting to Rs792bn.
SBP received bids worth Rs592bn for 3-month T-bills, Rs214bn for 6-month, and Rs227bn for 12-month.
The total amount raised for 3-month T-bills was Rs574.9bn, Rs97.15bn for 6-month, and Rs119.99bn for 12-month T-bills.
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