Heavy precipitation witnessed in auction of government of Pakistan Market Treasury Bills (MTBs), as overall Rs 242.4 billion worth bids were received for sale of 3-, 6- and 12-month T-bills. However, the State Bank of Pakistan has accepted bids of Rs 83.775 billion with realised value of Rs 80.141 billion, for sale of 3-, 6- and 12-month MTBs.
SBP conducted auction of 3-, 6- & 12-month Government of MTBs through primary dealers from October 5-6, 2010. Bids were opened on Wednesday, in which the SBP received overall Rs 242.495 billion worth tender for the sale of MTBs. Bids for the 3-month were received worth Rs 201.570 billion, Rs 31.675 billion for 6-month and Rs 9.25 billion bids for the 12-month T-bills.
The central bank set cut-off yield at 12.8393 percent for 3-month treasury bills up by 0.0921 percent with accepted bids of Rs 56.950 billion. The central bank accepted Rs 20.325 billion worth bids for the sale of 6-months bills and set cut-off yield at 13.1420 percent, up by 0.2956 percent. For 12-month T-bills yield set at 13.2353 percent with Rs 6.5 billion worth bids.