Karachi December 13 2023: On December 13 2023 the State Bank of Pakistan (SBP) raised a total of PKR 2,151 billion through the auction of market treasury bills at rates unchanged from previous auction.
Cut-off yields drop for 6 Month by one basis points while remain unchanged for 3 Month and 12 Month papers.
Majority of the acceptance remained in 12 Month tenure as investors continue to lock in higher rates due to decline in inflation in the coming months.
The government received total bids worth PKR 4,627billion and the highest bids of PKR 3,269 billion for 12 Month T-bills followed by PKR 952 billion for 3 Months and PKR 406 billion for 6 Months.
The cut-off yield for 3 Months, 6 Months and 12 Months paper settled at 21.4499 percent, 21.4201 and 21.4300 percent, respectively.
Government raise an amount of PKR 1,912 billion in 6 Months followed by PKR 213 billion in 3 Months and PKR 26 billion in 6 Months.
The government raised PKR 2,151 billion in the latest auction against a target of PKR 2,250 billion.
