KARACHI, June 4: The cut-off yield on benchmark six-month Treasury bills rose at an auction on Wednesday to 11.2464pc from 9.9570pc previously, the central bank said.

The weighted average annual yield on the six-month paper came at 11.1894pc, up from 9.8931pc in an auction on May 7, the State Bank of Pakistan said.

The cut-off yield on the 12-month paper rose to 11.4893pc from 10.2452pc, and its weighted average yield rose to 11.3931pc, from 10.3246pc.

The cut-off yield on the 3-month paper came at 11.2331 per cent, up from 9.7746 per cent and the average weighted yield rose to 10.9769 per cent from 9.6679 per cent previously.—Reuters