KARACHI June 1, 2022: The government on June 1, 2022 raised PKR 792 billion through an auction of Treasury Investment Bonds (T-Bills) compared to target of PKR 750 billion, as per data published by State Bank of Pakistan (SBP).
Cut-off yields increased by 55-75 bps compared to 18th May T-Bill Auction.
The cut-off yields for 3 months up by 75 basis points percent to 15.2491 percent. Cut-off yield for 6 months also increased by 55 basis points to 15.2499 percent. Cut-off for 12 months also increased by 75 basis points to 15.500 percent.
The government borrowed amount of PKR 574.9 billion, PKR 97.1 and PKR 119.9 billion from the auction of 3 months, 6 months and 12 months papers, respectively. The target for current auction was set at PKR 250 billion for 3 months, PKR 250 billion for 6 months and PKR 250 billion for 12 months paper.
Government received bids of PKR 592.1 billion, PKR 214.2 and PKR 227 billion for the tenure of 3 months, 6 months and 12 months papers, respectively.
