Home / Brokerage / T Bill yields declines in Auction – Alfalah Securities Limited

T Bill yields declines in Auction – Alfalah Securities Limited

Karachi, October 04, 2012 (PPI-OT): State Bank of Pakistan has accepted bids worth of PKR 180.23 billion out of the total received bids of PKR 562.7 billion in yesterday’s Treasury bill auction where the cut-off rates have witnessed a considerable decline.

According to Alfalah Securities Limited, the cut-off yield on 3M and 6M papers reduced by 50 and 49 bps to 9.7291% and 9.7583% respectively, while the 12M Tbill cut-off yields also dropped by 50 bps to 9.7601%. Alfalah Securities Limited believes that the decline was made in anticipation of 50-100 bps cut in discount rate in the upcoming Monetary Policy Statement due on Oct 05, 2012.

Leave a Reply

Scroll To Top