Karachi August 7 2024: In today’s treasury bill auction, the government raised PKR 355 billion, significantly exceeding the target of PKR 210 billion, achieving 1.7 times the intended amount due to decline in cut-off yields of over 50 basis points.
This marks the lowest yield levels since February 8, 2023, as reported by the State Bank of Pakistan.
The largest amount was raised through 12-month treasury bills, totaling PKR 180 billion, with cut-off yields for this paper declining by 50 basis points to 17.74 percent.
For 6-month treasury bills, the government secured PKR 111 billion, with yields dropping by 54 basis points to 18.73 percent.
Additionally, PKR 63 billion was raised in 3-month treasury bills, where yields fell by 52 basis points to 18.98 percent.
