KARACHI, May 23: The State Bank kept the cut-off yield on benchmark six-month treasury bills unchanged at the auction held here on Wednesday. However, the SBP slightly raised the cut-off yield on 12-month treasury bills to 9.1119 per cent from 9.1000 per cent, which the bankers termed ignorable. The SBP picked up Rs6.78 billion for this maturity.
It picked up Rs47.875 million for six-month papers and Rs490 million for three-month treasury bills at the previous cut-off yields of 8.9017 and 8.6869 per cent respectively.
The SBP received total bids of Rs16.10bn against a combined auction target of Rs8 billion.
