KARACHI January 26, 2022: Government of Pakistan raised PKR 824 billion through auction of market treasury bills at significant lower yields across all tenures compared to previous auction.
Status quo stance of Monetary Policy Committee (MPC) in 24th January 2022 meeting resulted in significant decline in Cut-off yields across the maturities.
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The government received total bids of worth PKR 2,259 billion and the highest bids of PKR 979 billion for 6 Month T-bills followed by PKR 659 billion for 3 Months and PKR 619 billion for 12 Months.
The cut-off yields for 3 Months paper remained at 10.2999 percent, which was 15 bps lower than cut-off of last auction.
For 6 Months the cut-off yield is decreased by 68 basis points to 10.69 percent. For 12 months, the cut-off yield is decreased by 57 basis points to 10.925 percent.
The government raised PKR 824 billion in latest auction. Mostly raised in 3 Months which was PKR 540 billion followed by 6 Months of PKR 170 billion and 12 Months of PKR 113 billion. The target for the auction was PKR 750 billion.
