May 08, 2008	Thursday	Jamadi-ul-Awwal 2, 1429

KARACHI, May 7: The cut-off yield on benchmark six-month Treasury bills rose at an auction on Wednesday to 9.9570 per cent from 9.8686 per cent previously, the State Bank of Pakistan said.

The weighted average annual yield on the six-month paper came at 9.8931 per cent, up from 9.8686 per cent in the last auction on April 23, the SBP said.

The cut-off yield on the 12-month paper rose to 10.2452 per cent from 10.1357 per cent, and its weighted average yield rose to 10.1715 per cent, from 10.1357 per cent at the last auction.—Reuters