SBP raises Rs518bn through MTB Auction

Mettis Global reported that the State Bank of Pakistan (SBP) took in Rs517.90bn at face value via its Market Treasury Bill auction held on August 19, 2026. Bids with a total face value of Rs2.19 trillion came in across four tenors, with the one-month tenor drawing the highest amount at Rs987.31bn. The settlement date for the auction is August 20, 2026. The 6-Month tenor drew the smallest total at Rs211.89bn.

Accepted competitive bids totalled Rs237.60bn, while non-competitive bids added a further Rs280.30bn. The three-month tenor led the overall intake with Rs349.54bn, including Rs230.83bn of non-competitive bids. Of the non-competitive total, Rs200.00bn came from provincial governments, all in the three-month tenor.

Compared with the August 5 auction, yields moved higher in every one of the four tenors. The three-month yield climbed 13.0bps to 11.6450%, while the one-month rose 11.9bps to 11.4698%. The six-month yield increased 9.8bps to 11.7980%, and the twelve-month edged up 4.1bps to 11.9900%.