Karachi July 13 2022: On July 13, 2022, SBP raised PKR 506 billion through the auction of market treasury bills, according to State Bank of Pakistan.
The government received total bids worth PKR 1,574 billion and the highest bids of PKR 1,127 billion for 3 Month T-bills followed by PKR 247 billion for 6 Months and PKR 200 billion for 12 Months.
The cut-off yields for 3 Months increased by 52 basis points and reached at 15.75 percent, while for 6 Months and 12 Months paper also increased by 100 basis points, and 99 basis points, respectively.
The cut-off yield for 3 Months, 6 Months, and 12 Months of paper settled at 15.7497 percent, 15.8000 percent, and 15.9399 percent, respectively.
The cut-off yields crossed 15.00% for the first time on June 1, 2022 when government raised PKR 792 billion through an auction of Treasury Investment Bonds (T-Bills) compared to target of PKR 750 billion.
The government raised PKR 506 billion the in a latest auction against a target of PKR 500 billion.
