KARACHI: The government on Wednesday reduced the cut-off yields on treasury bills by up to 31 basis points, bringing the yields for most tenors below 10 per cent for the first time in over four years.
The yields on three-month and six-month T-bills have now returned to single-digit levels, a milestone last seen in November 2021. The 12-month tenor cleared marginally higher at 10pc.
The returns on T-bills generally align closely with the
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