The government has auctioned off Rs654.3 billion worth of Pakistan Investment Bonds, the State Bank of Pakistan (SBP) announced in a press release on Friday.
According to the SBP, the government sold Rs46 billion worth of two-year bonds. It said that cut-off yield of two-year bonds had increased by 11 basis points to 11.1973 percent.
The government sold Rs8 billion worth of three-year bonds. The cut-off yield of three-year bonds remained at 11.14 percent.
Also, the government sold Rs115 billion worth of five-year bonds. The cut-off yield of five-year bonds was 11.439 percent.
Moreover, the government sold Rs207 billion worth of 10-year bonds. The cut-off yield of the 10-year bond fell by 11 basis points to 12.04 percent.
And last but not the least, the government sold 15-year bonds worth Rs280 billion. The cut-off yield of the 15-year bond fell by 7 basis points to 12.38 percent.