Karachi January 10 2024: Pakistan 12 month T-bill yield decreased more than 400 basis points from its peak of 25.07 percent in a period of four months on anticipation of monetary easing.
On January 10 2023 the State Bank of Pakistan (SBP) raised a total of PKR 283 billion through the auction of market treasury bills with significant reduction in returns demanded by investors.
Cut-off yields drop for 3 Month, 6 Month and 12 Month papers.
The government received total bids worth PKR 2,754 billion and the highest bids of PKR 2,109 billion for 12 Month T-bills followed by PKR 568 billion for 12 Months and PKR 76 billion for 6 Months.
Cut-off yields decreased by 45 basis points for 3 Month T-Bills, 44 basis points for 6 Months and 59 basis points for 12 Month papers.
The cut-off yield for 3 Months, 6 Months and 12 Months paper settled at 20.996 percent, 20.9601 and 20.8449 percent, respectively.
Government raise an amount of PKR 246 billion in 12 Months followed by PKR 12 billion in 3 Months and PKR 12 billion in 6 Months. The government raised PKR 284 billion in the latest auction against a target of PKR 100 billion.
