Pakistan’s One-Year T-Bill Rate Drops to 3-Year Low

The 1-Year T-Bill rate has declined to around 11.34 percent, marking its lowest point in nearly three years. Over the past 18 months, the rate has dropped by half from its peak of 24.73 percent, driven by decreasing inflation, as reported by Topline Securities.

T-Bill Auction Update
On Wednesday, cut-off yields for 3-month, 6-month, and 12-month T-bills fell by 20bps, 39bps, and 45bps, settling at 11.5887 percent, 11.4048 percent, and 11.3459 percent, respectively.

The auction attracted bids totaling Rs. 1,401 billion, significantly surpassing the target of Rs. 350 billion. The State Bank of Pakistan accepted Rs. 326 billion.