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Govt raises PKR 680 billion through T-bills auction

Yields increased by 60 to 80 basis points

admin-augaf by admin-augaf
April 6, 2022
in Business, Finance, Technology
Reading Time: 1 min read
0
Yields increased by 60 to 80 basis points

Yields increased by 60 to 80 basis points

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Karachi April 6 2022: On April 06, 2022 SBP raised PKR 680 billion through auction of market treasury bills.

The government received total bids of worth PKR 911 billion and the highest bids of PKR 505 billion for 3 Month T-bills followed by PKR 215 billion for 12 Months and PKR 191 billion for 6 Months.

The cut-off yields for 3 Months, 6 Months and 12 Months paper increased by 80 basis points, 75 basis points and 60 basis points, respectively. The cut-off yield for 3 Months, 6 Months and 12 Months paper settled at 12.8002 percent, 13.2500 percent and 13.2999 percent, respectively.

The government raised PKR 680 billion in latest auction against target of PKR 600 billion.

Tags: T BillsT-bill AuctionT-BillsT-bills auction
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