Islamabad, Dec 11: The cut-off yields on Treasury Bills (T-Bills) decreased by up to 100 basis points (bps) in Wednesday’s auction.
According to the State Bank of Pakistan (SBP), the government secured Rs. 1,256 billion, surpassing its target of Rs. 1,200 billion, against maturities of Rs. 2,043 billion. Total participation in the auction stood at Rs. 1,929 billion.
The official data revealed that the cut-off yield for 3-month T-Bills dropped by 100 bps to 11.9999%, while the 6-month T-Bills saw an 89-bps decline, also settling at 11.9999%. The cut-off yield for 12-month T-Bills decreased by 5 bps to 12.2999%.
In the competitive auction, the government raised Rs. 322 billion for 3-month T-Bills, Rs. 106 billion for 6-month T-Bills, and Rs. 666 billion for 12-month T-Bills.
Additionally, Rs. 163 billion was raised through non-competitive bids, bringing the total funds raised during the auction to Rs. 1,256 billion.
