Government’s T-Bills Auction Generates Rs. 776 Billion with Cut-Off Yields Decreasing by up to 41 Basis Points

The auction of Treasury Bills (T-Bills) on Wednesday saw significant declines in cut-off yields, according to data released by the State Bank of Pakistan (SBP). The government exceeded its target by raising Rs. 776 billion, compared to the aimed Rs. 450 billion.

Specifically, the cut-off yield for 3-month T-Bills remained unchanged. Meanwhile, the cut-off yield for 6-month T-Bills decreased by 1 basis point to 19.9640%, and for 12-month T-Bills, it dropped by 41 basis points to 18.5400%.

In the competitive auction, the government raised Rs. 79.66 billion for the 3-month T-Bills, Rs. 446.66 billion for the 6-month T-Bills, and Rs. 200.00 billion for the 12-month T-Bills.

Non-competitive bids contributed an additional Rs. 50.39 billion, bringing the total amount raised in the auction to Rs. 776.7 billion.

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