business
July 25, 2024
T-bill yields drop by 30-56bps amid hopes for another rate cut
A money changer counts Pakistan's currency at a market in Karachi. — AFP/fileKARACHI: Yields on market Treasury Bills fell on Wednesday due to increased expectations of another interest rate cut by the central bank next week in response to easing inflation pressures.The cut-off yield on the three-month T-bill dropped by 56 basis points to 19.49 per cent. The yield on a six-month paper decreased by 50 bps to 10.29 per cent, while the yield on a 12-month paper fell by 30 bps to 18.24 per...