Pakistan's 1-Year T-Bill Rate Hits 3-Year Low at 11.34%
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Pakistan’s 1-Year T-Bill Rate Hits 3-Year Low at 11.34%

The 1-Year Treasury Bill (T-Bill) rate has hit its lowest point in nearly three years, settling at around 11.34 percent. This marks a significant shift from the past year and a half, where the rate has dropped by half from its peak of 24.73 percent. Analysts at Topline Securities attribute this decline to easing inflation trends.

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T-Bill Auction Update

At Wednesday’s bond auction, the cut-off yields for 3-month, 6-month, and 12-month T-bills saw notable declines. The 3-month T-bill yield fell by 20 basis points to 11.5887 percent, the 6-month yield dropped by 39 basis points to 11.4048 percent, and the 12-month yield decreased by 45 basis points to 11.3459 percent.

The auction attracted substantial interest, with bids totaling Rs. 1,401 billion—far exceeding the target of Rs. 350 billion. However, the State Bank of Pakistan accepted only Rs. 326 billion, reflecting a cautious approach.