Karachi November 30 2022: On November 30, 2022, SBP raised PKR 214 billion through the auction of market treasury bills against target of PKR 850 Billion, according to information shared by the central bank.
The government received total bids worth PKR 646 billion and the highest bids of PKR 313 billion for 3 Month T-bills followed by PKR 167 billion for 6 Months and PKR 165 billion for 12 Months.
Majority of the amount raised in 3 Months paper as uncertainty rises after unexpected rate hike by Central Bank on Friday to 23 high of 16 percent. SBP raised an amount of PKR 205.6 billion in 3 Months, PKR 5.99 billion in 6 Month and PKR 2.66 billion in 12 month paper, respectively
Cut-off yields increased by 107-129 basis points.
The cut-off yield for 3 Months, 6 Months, and 12 Months of paper settled at 16.9999 percent, 16.800 percent, and 16.8401 percent, respectively.
The cut-off yields for 3 Months increased by 129 basis points, 6 Months increased by 107 basis points and 12 Months paper witnessed increase of 114 basis points.
The government raised PKR 214 billion in the latest auction against a target of PKR 850 billion.
