The federal government raised Rs768 billion from Treasury bills, attracting over Rs2 trillion in bids from banks and a provincial government. High demand for one-month T-bills, totaling Rs990.4bn, suggests market caution regarding long-term risk or expectations of an interest rate change soon. Cut-off yields ranged from 11.35% for one-month to 11.99% for 12-month papers. This continued borrowing pattern without rate hikes could influence SBP's monetary policy, potentially impacting USD/PKR stability and local gold prices.
بحوالہ / Source: www.dawn.com