SBP sells 612 billion worth of T-bills
MG News | November 22, 2017 at 04:07 PM GMT+05:00
State Bank of Pakistan has received bids worth 881.29 billion of which 778 billion were for 3 months at 5.99% whereas 102.8 million were received for 6-month T-bills at 6.01%.
12 months MTB’s did not get any bids as investors have been reluctant to invest longer-term instruments. The financial circles are abuzz with the rumors of SBP raising interest rate next year.
Cut off yield for the auction remained same.
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