The State Bank of Pakistan (SBP) has raised Rs. 586.71 billion through its Market Treasury Bills (MTBs) auction, accepting bids against total offers worth Rs. 2.19 trillion across four different tenors.
The auction was held on November 11, 2026, covering 1-month, 3-month, 6-month and 12-month Treasury Bills. The settlement date has been set for November 12.
The 12-month tenor attracted the highest bids at Rs. 676 billion, followed by 3-month bills with Rs. 666.31 billion. Investors submitted bids worth Rs. 494.75 billion for 1-month bills and Rs. 355.50 billion for 6-month bills.
The central bank accepted competitive bids worth Rs. 232.46 billion and non-competitive bids worth Rs. 354.25 billion. The 3-month tenor received the highest total acceptance of Rs. 300.78 billion, followed by 12-month bills at Rs. 231.49 billion.
Meanwhile, Treasury Bill cut-off yields declined across all four tenors compared with the previous auction held on October 28.
The 1-month yield fell by 22.17 basis points to 11.8838%, while the 3-month yield dropped by 42.62 basis points to 11.9999%. The 6-month yield decreased by 46 basis points to 12.19%, and the 12-month yield recorded the largest decline of 48 basis points to 12.41%.
The latest auction reflects lower accepted yields across all maturities, with the 12-month tenor recording the biggest reduction.
