State Bank of Pakistan Cuts Short-Term T-Bill Yields, Raises 12-Month Rate in Latest Auction
The State Bank of Pakistan (SBP) has adjusted treasury bill (T-bill) yields in its latest auction, cutting rates for short-term maturities while increasing the yield on 12-month papers. According to official data, the central bank reduced yields across one-, three-, and six-month tenors, reflecting a shift in short-term monetary expectations. However, the 12-month rate moved…