Three-month MTBs cut-off yield down 9bps

The cut-off yield on the 3-month Pakistan Market Treasury Bills has declined by 9bps to 11.7825 percent. Similarly, the cut-off yield for 6-month Market Treasury Bills reduced by 8bps to 11.8070 percent while for 12-month the cut-off yield declined by 7bps to 11.8769 percent. The total realised amount stood at Rs 267,898.405 million.
Tenders for sale of 3, 6 and 12 months Government of Pakistan Market Treasury Bills were invited by the State Bank of Pakistan through Primary Dealers from November 01 to 02, 2011. The bids were opened on November 2, 2011.