SBP raises Rs834bn via T-bills auction, yields down by 30-55bps

 June 15, 2022 (MLN): The cut-off yields of T-bills were decreased by 30-55 basis points in the auction conducted by the State Bank of Pakistan (SBP) on Wednesday.

The government raised Rs834 billion through the auction of three, six, and twelve-month T-bills against the target of Rs750bn and maturity of Rs725bn.

The cut-off yields for 3-month remained unchanged at 15.25%, while 6-month and 12-month T-bills saw a dip of 30, and 55 basis points to stand at 14.95%.

The market had offered Rs1,098bn, out of which the government accepted bids amounting to Rs834bn.

SBP received bids worth Rs822bn for 3-month T-bills, Rs136bn for 6-month, and Rs141bn for 12-month.

The total amount raised for 3-month T-bills was Rs756.97bn, Rs24.03bn for 6-month, and Rs53.08bn for 12-month T-bills.

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