SBP has sold T-bills worth Rs185bn and yields drop by up to 62bps

The State Bank of Pakistan (SBP) conducted an auction on Wednesday in which it sold Market Treasury Bills (MTBs) worth Rs184.66 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.

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