Tag Archives: Cut-off yield hiked by up to 49bps in first T-bills auction after interest rate rise

KARACHI: Cut-off yields on treasury bills were increased by up to 49 basis points in the auction held on Wednesday — the first such big increase during the last 15 months — while most of the bids were received for short-term three-month papers. The auction target was Rs800bn but the government raised Rs731bn against the total bids of Rs1,171bn. The …

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