[vc_row][vc_column][vc_column_text dp_text_size=”size-4″]In the paper auction held on Wednesday, the cut-off yields on Treasury Bills (T-Bills) increased by up to 1 basis point (bps).
In the auction, the government raised Rs. 706 billion versus a target of Rs. 750 billion and a maturity of Rs. 630 billion, according to data made public by the State Bank of Pakistan (SBP).
T-Bill Auction Result (May 03, 2023) pic.twitter.com/5HMqxOmPd2
— Topline Securities (@toplinesec) May 3, 2023
According to official data, the cut-off yield for 3-month T-Bills stayed constant. The 6-month T-Bill cut-off yield decreased by 2 basis points to 21.9616% from the 21.9789% recorded on April 5. The 12-month T-Bill cut-off yield increased by 1 basis point to 21.9997 percent from 21.9901 percent.
Also Read: The highest-paid athletes according to Forbes for 2023 are.
In the competitive auction, the government raised Rs. 613 billion for the three-month paper. Additionally, it raised Rs. 4 billion for the 06-month T-Bill and Rs. 39 billion for the 12-month T-Bill.
According to a detailed breakdown of the reported figures, the government also received Rs. 49 billion in non-competitive bids. The auction’s overall proceeds now totaled Rs. 706 billion.[/vc_column_text][/vc_column][/vc_row]
