The State Bank of Pakistan (SBP) conducted an auction on Wednesday in which it sold Market Treasury Bills (MTBs) worth Rs184.66Â billion for 3,6 and 12 months against a target of Rs225bn.
Cut-off yields for 3, 6, and 12 months were 20.4997%, 20.4000%, and 20.2298%, depicting a fall of 50bps, 56bps, and 62bps in 3 month, 6 month, and 12 month papers, respectively.