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Print 2004-09-30
Money Market Report
Money market report by Khadim Ali Shah Bukhari & Co on Wednesday (September 29, 2004).
Money market report by Khadim Ali Shah Bukhari & Co on Wednesday (September 29, 2004).
DAILY MONEY MARKET COMMENTS: Today money market was initiated at the level of 7.00% and 7.40%. Initially market was traded at the level of 7.00% - 7.25%. As the day progressed market crashed down and was seen at the level of 3.00% - 4.00%. At the end market bounced back and inclined towards the level of 7.40% and closed at the same level.
Today the discounting of Rs 2.00 billion was reported 7.00% - 7.25% was the major trading level of the day.
Today SBP conducted the T-Bills auction of 3 months and 12 months and accepted Rs 17.450 billion @ 2.9750% in 3 months and rejected 12 months against the total offered amount of Rs 39.750 billion and Rs 1.5 billion in 3 & 12 months respectively.
SBP increased the cutoff yield by 0.31 basis point as compare to the last cutoff yield in the same tenor.
10-year PIB (8%) coupon was quoted in the range of 8.50% - 8.65%.
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Repo Rates (Yield p a)
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Tenor Low Bid High Bid Low Offer High Offer Average
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Overnight 3.00 7.40 4.00 7.40 5.45
1-Week 1.50 2.00 2.00 3.00 2.13
2-Week 1.50 1.75 2.00 2.25 1.88
1-Month 2.00 2.25 2.50 3.00 2.44
2-Months 2.60 2.80 2.80 3.00 2.80
3-Months 2.75 2.85 2.90 3.10 2.90
4-Months 3.00 3.25 3.50 3.70 3.36
5-Months 3.20 3.40 3.60 3.80 3.50
6-Months 3.00 3.25 3.40 3.60 3.31
9-Months 3.25 3.40 3.75 3.90 3.58
1-Year 3.50 3.75 3.90 4.25 3.85
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Call Rates (Yield p a)
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Tenor Low Bid High Bid Low Offer High Offer Average
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Overnight 3.50 7.40 4.50 7.45 5.71
1-Week 1.75 2.00 2.25 3.25 2.31
2-Week 1.75 2.00 2.25 2.50 2.13
1-Month 2.25 2.50 2.75 3.25 2.69
2-Month 2.75 3.00 3.00 3.25 3.00
3-Month 2.90 3.25 3.25 3.40 3.20
4-Month 3.25 3.50 3.75 4.00 3.63
5-Month 3.50 3.75 4.00 4.25 3.88
6-Month 3.25 3.50 2.75 4.00 3.38
9-Month 3.50 3.75 3.90 4.20 3.84
1-Year 3.75 4.00 4.25 4.50 4.13
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PIB Secondary Market Data
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Maturity Yield Range
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0.1-0.5 Years 3.00 4.00
0.6-1.0 Years 3.25 4.00
1.1-1.5 Years 3.75 4.50
1.6-2.0 Years 4.25 4.75
2.1-2.5 Years 4.80 5.20
2.6-3.0 Years 5.10 5.50
3.1-3.5 Years 5.40 5.70
3.6-4.0 Years 5.70 6.00
4.1-4.5 Years 5.80 6.10
4.6-5.0 Years 5.90 6.20
6.1-6.5 Years 8.00 8.40
6.6-7.0 Years 8.30 8.60
7.1-7.5 Years 8.25 8.50
7.6-8.0 Years 8.35 8.50
8.1-8.5 Years 8.40 8.50
8.6-9.0 Years 8.35 8.55
9.1-9.5 Years 8.55 8.65
9.6-10.0 Year 8.45 8.60
15 Years 8.80 9.10
20 Years 9.80 10.10
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FIB Secondary Market Data
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Maturity Yield Range
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0.1-0.5 Years 2.90 3.90
0.6-1.0 Years 3.15 3.90
1.1-1.5 Years 3.65 4.40
1.6-2.0 Years 4.15 4.65
2.1-2.5 Years 4.70 5.10
2.6-3.0 Years 5.00 5.40
3.1-3.5 Years 5.30 5.60
3.6-4.0 Years 5.60 5.90
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Clean Deposit Market
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Tenor Range (% p a)
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01 Month 4.25 6.00
03 Months 4.50 6.50
06 Months 4.25 5.75
12 Months 4.75 6.25
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T-Bill Secondary Market Data
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3 Months, 6 Months &
12 Months Instruments
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Days to Maturity Yield Range %
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0-7 Days 4.00-4.50
8-15 Days 3.25-3.75
16-30 Days 2.70-3.10
31-60 Days 2.80-3.10
61-90 Days 2.50-2.80
91-120 Days 2.60-3.00
121-180 Days 2.90-3.10
181-270 Days 3.00-3.30
271-365 Days 3.20-3.50
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Kerb Market FX Rate
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Currency Bid Offer
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USD 59.60 59.70
EUR 72.90 73.10
GBP 107.40 107.60
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