KARACHI: The cut-off yield of short-term government securities further declined up to 45 basis points in the auction held on Wednesday.
The State Bank of Pakistan (SBP) on Jan 22, 2025 conducted an auction for the sale of 03-Month, 06-Month & 12-Month Government of Pakistan Market Treasury Bills (MTBs). Overall participation of Rs1.401 trillion was seen, comprising Rs 163 billion for 3-month, Rs 373.4 billion for 6-month and Rs 864 billion for 12-month T-Bills.
The federal government raised Rs326 billion as against a target of Rs350 billion and maturity of Rs515 billion for this auction.
Overall cut-off yields have declined ranging 20-45bps. With the current yields standing at 11.58 percent for the 3-month T-Bill, 11.40 percent for the 6-month T-Bill, and 11.34 percent for the 12-month T-Bill.
Copyright Business Recorder, 2025
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