AGL 40.00 Decreased By ▼ -0.16 (-0.4%)
AIRLINK 129.53 Decreased By ▼ -2.20 (-1.67%)
BOP 6.68 Decreased By ▼ -0.01 (-0.15%)
CNERGY 4.63 Increased By ▲ 0.16 (3.58%)
DCL 8.94 Increased By ▲ 0.12 (1.36%)
DFML 41.69 Increased By ▲ 1.08 (2.66%)
DGKC 83.77 Decreased By ▼ -0.31 (-0.37%)
FCCL 32.77 Increased By ▲ 0.43 (1.33%)
FFBL 75.47 Increased By ▲ 6.86 (10%)
FFL 11.47 Increased By ▲ 0.12 (1.06%)
HUBC 110.55 Decreased By ▼ -1.21 (-1.08%)
HUMNL 14.56 Increased By ▲ 0.25 (1.75%)
KEL 5.39 Increased By ▲ 0.17 (3.26%)
KOSM 8.40 Decreased By ▼ -0.58 (-6.46%)
MLCF 39.79 Increased By ▲ 0.36 (0.91%)
NBP 60.29 No Change ▼ 0.00 (0%)
OGDC 199.66 Increased By ▲ 4.72 (2.42%)
PAEL 26.65 Decreased By ▼ -0.04 (-0.15%)
PIBTL 7.66 Increased By ▲ 0.18 (2.41%)
PPL 157.92 Increased By ▲ 2.15 (1.38%)
PRL 26.73 Increased By ▲ 0.05 (0.19%)
PTC 18.46 Increased By ▲ 0.16 (0.87%)
SEARL 82.44 Decreased By ▼ -0.58 (-0.7%)
TELE 8.31 Increased By ▲ 0.08 (0.97%)
TOMCL 34.51 Decreased By ▼ -0.04 (-0.12%)
TPLP 9.06 Increased By ▲ 0.25 (2.84%)
TREET 17.47 Increased By ▲ 0.77 (4.61%)
TRG 61.32 Decreased By ▼ -1.13 (-1.81%)
UNITY 27.43 Decreased By ▼ -0.01 (-0.04%)
WTL 1.38 Increased By ▲ 0.10 (7.81%)
BR100 10,407 Increased By 220 (2.16%)
BR30 31,713 Increased By 377.1 (1.2%)
KSE100 97,328 Increased By 1781.9 (1.86%)
KSE30 30,192 Increased By 614.4 (2.08%)
Print Print 2019-10-24

MTBs margin falls up to 68bps

The margin on short-term government securities further declined up to 68 basis points (bps) in the auction held Wednesday.
Published October 24, 2019

The margin on short-term government securities further declined up to 68 basis points (bps) in the auction held Wednesday.

The State Bank of Pakistan (SBP) on October 23 conducted the auction for the sale of 3-month, 6-month and 12-month Market Treasury Bills (MTBs) and received bids amounting to Rs 1.963 trillion with a realized value of Rs 1.826 billion. The received bids included Rs 869.18 billion for 3-month, Rs 268.911 billion for 6-month and Rs 825.68 billion for 12-month papers.

The federal government accepted bids amounting to Rs 532.53 billion (Rs 493.379 billion realized value). The borrowed amount is slightly lower than the actual target of Rs 600 billion set for this auction.

Like previous auction, the cut-off yield on all T-bills declined ranging from 25 bps to 68 bps in the Wednesday's auction.

The cut-off yield of 3-month T-bills declined by 39 bps to set at 13.2981 percent and some Rs 139.249 billion were borrowed. For the 6-month, bids amounting to Rs 183.281 billion were accepted at a cut-off yield of 13.2999, down 25.5 bps. Similarly, the cut-off yield of 12-month papers fell some 68 bps to fix at 12.7900 percent against Rs 210 billion.

Copyright Business Recorder, 2019

Comments

Comments are closed.