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Print 2005-12-10
Money Market Report
Money market report by Khadim Ali Shah Bukhari & Co on Friday (December 09, 2005).
Money market report by Khadim Ali Shah Bukhari & Co on Friday (December 09, 2005).
DAILY MONEY MARKET COMMENTS: Today money market rates initiated at the level of 7.00%-8.00%. However, in clean and call placements the overnight interest rates were at 6.00% - 9.00%. Today money market closed at the level of 1.00%.
SBP conducted OMO for 6 days and 13 days and mopped up Rs 800 [email protected]% in 13 days and rejected OMO for 6 days.
Keeping in view today's interbank market we believe that on Saturday overnight repo rates would remain at the level of 6.50%-7.50% if OMO is not conducted.
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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 1.00 7.50 2.00 8.00 4.63
1-Week 6.50 7.75 7.00 8.10 7.34
2-Week 7.50 7.80 8.00 8.15 7.86
1-Month 8.15 8.25 8.30 8.50 8.30
2-Months 8.20 8.40 8.35 8.40 8.34
3-Months 8.20 8.35 8.30 8.40 8.31
4-Months 8.25 8.40 8.40 8.50 8.39
5-Months 8.25 8.40 8.45 8.55 8.41
6-Months 8.30 8.45 8.50 8.65 8.48
9-Months 8.40 8.50 8.55 8.60 8.51
1-Year 8.50 8.55 8.60 8.70 8.59
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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 5.00 8.00 6.00 8.50 6.88
1-Week 7.50 8.00 7.50 8.75 7.94
2-Week 7.70 8.00 8.50 9.00 8.30
1-Month 8.50 9.25 9.25 9.50 9.13
2-Months 8.75 9.25 9.25 9.75 9.25
3-Months 9.00 9.50 9.75 9.90 9.54
4-Months 9.00 9.50 9.35 9.80 9.41
5-Months 8.90 9.60 9.50 10.00 9.50
6-Months 9.00 9.75 9.50 10.00 9.56
9-Months 9.00 9.75 9.60 10.20 9.64
1-Year 9.25 10.00 9.90 10.50 9.91
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PIB Secondary Market Data
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Maturity Yield Range
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0.1-0.5 Years 8.35 8.50
0.6-1.0 Years 8.75 8.80
1.1-1.5 Years 8.75 8.85
1.6-2.0 Years 8.80 8.90
2.1-2.5 Years 8.85 8.95
2.6-3.0 Years 8.90 9.00
3.1-3.5 Years 8.95 9.05
3.6-4.0 Years 9.00 9.10
4.1-4.5 Years 9.05 9.15
4.6-5.0 Years 9.05 9.15
5.1-5.5 Years 9.05 9.15
5.6-6.0 Years 9.10 9.20
6.1-6.5 Years 9.10 9.20
6.6-7.0 Years 9.15 9.25
7.1-7.5 Years 9.20 9.25
7.6-8.0 Years 9.20 9.30
8.1-8.5 Years 9.15 9.30
8.6-9.0 Years 9.00 9.05
15 Years 10.20 10.40
20 Years 10.70 10.85
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FIB Secondary Market Data
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Maturity Yield Range
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0.1-0.5 Years 8.10 8.30
0.6-1.0 Years 8.40 8.75
1.1-1.5 Years 8.80 8.90
1.6-2.0 Years 8.90 9.00
2.1-2.5 Years 8.95 9.05
2.6-3.0 Years 9.00 9.10
3.1-3.5 Years 9.05 9.15
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Clean Deposit Market
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Tenor Range (% p a)
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1 Month 9.75 10.25
3 Months 10.00 10.50
6 Months 10.50 11.00
12 Months 10.50 11.50
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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 8.75-9.30
8-15 Days 8.50-8.90
16-30 Days 8.35-8.50
31-60 Days 8.30-8.45
61-90 Days 8.20-8.40
91-120 Days 8.30-8.45
121-180 Days 8.35-8.50
181-270 Days 8.50-8.70
271-365 Days 8.72-8.76
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Kerb Market FX Rate
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Currency Bid Offer
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USD 60.13 60.18
EUR 70.60 70.90
GBP 104.60 105.00
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