SBP sells MTBs worth Rs283bn at lower yields

The State Bank of Pakistan (SBP) on Wednesday announced the auction result of Market Treasury Bills (MTBs) worth Rs 283.24 billion, far exceeding its target of Rs 100 billion. 

The auction saw a high demand for the short-term government securities, as the SBP received bids worth Rs2.755 trillion, nearly 10 times the amount it accepted.

The cut-off yields for the 3, 6, and 12-month MTBs were…

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News Source: profit.pakistantoday.com.pk