April 13, 2006	Thursday	Rabi-ul-Awwal 14, 1427

KARACHI, April 12: The State Bank on Wednesday sucked in Rs14.850 billion through the auction of treasury bills.

The inter-bank market has been experiencing liquidity shortage for the last two weeks, but despite that the banks invested Rs14.650 billion in one-year security bills and Rs100 million each in three- and six-month papers. The bids offered were just closed to the amount picked up by the SBP.

As per the market expectation no change was made in the cut-off yield. Market analysts said that the cut-off yield might remain same till the end of the current fiscal year in the presence of tight monetary policy being pursued by the SBP.

Total bids offered for the T-bills were Rs17.150 billion.