Money Market: Bonds’ auction yields Rs136bn
THE government raised Rs135.958bn from the auction of Pakistan Investment Bonds of various tenors held last Thursday. It received bids of Rs198.945bn. No bids were received for 20-year bonds.
It generated Rs60.956bn from five-year bonds at a cut-off yield of 6.9997pc, Rs45.761bn from three-year at 6.5492pc and Rs29.239bn from 10-year PIBs at 8.1804pc.
According to the weekly statement of position of all scheduled banks for the week ended April 8, 2016, deposits and other accounts of all scheduled banks decreased 0.06pc to Rs9,587.311bn from Rs9,644.264bn a week ago. Compared with last year’s corresponding figure of Rs8,582.000bn, it was higher by 11.71pc.
Notes in circulation increased to Rs3,252.982bn
Deposits and other accounts of all commercial banks eased 0.58pc to Rs9,549.385bn from preceding week’s Rs9,605.812bn. Deposits and other accounts of specialised banks stood at Rs37.926bn against previous week’s Rs38.452bn.
Combined assets of all scheduled banks dropped 0.08pc to Rs13,713.863bn from preceding week’s Rs13,724.912bn. It was higher by 14.67pc compared to last year’s corresponding figure of Rs11,959.427bn.
Total assets of all commercial banks stood at Rs13,507.364bn, smaller by 0.06pc over previous week’s Rs13,514.851bn.