The State Bank of Pakistan (SBP) raised Rs201.86 billion in its latest Market Treasury Bill (MTB) auction, with the total investor demand reaching over Rs1.07 trillion. This robust interest indicates strong market confidence despite a shift in the auction’s allocation strategy.
The bulk of the funds raised came from 3-month and 6-month bills, with Rs99.2 billion and Rs32.1 billion accepted, respectively. The 1-month and 12-month bills saw less enthusiasm, resulting in only Rs11.7 billion and Rs2.8 billion raised for these categories.
Yields across all tenors continued their downward trend, with the cut-off yields standing at 10.74% for 1-month bills, 10.85% for 3-month bills, 10.83% for 6-month bills, and 10.99% for 12-month bills.
In addition to competitive bids, the SBP accepted Rs56 billion from non-competitive bidders, with the majority of the funds allocated to the 3-month and 6-month tenors, bringing the overall total raised to nearly Rs201 billion.
