KARACHI, Dec 31: The cut-off yield on six-month Treasury bills fell to 13.9959 per cent at an auction on Wednesday, the State Bank of Pakistan said.

The weighted average yield on the 6-month paper also fell to 13.9959 per cent, compared with 14.0108 per cent in the previous auction on Dec 17, the central bank said.

The cut-off yield on the three-month paper rose to 13.9750 per cent, and the weighted average yield rose to 13.8472 per cent compared with 13.8397 per cent.

The cut-off yield on the 12-month paper was 14.2595 per cent and the weighted average yield was 14.2529 per cent.—Reuters