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Print 2007-04-22
Money Market Report
Money market report by Khadim Ali Shah Bukhari & Co on Saturday (April 21, 2007).
Money market report by Khadim Ali Shah Bukhari & Co on Saturday (April 21, 2007).
DAILY MONEY MARKET COMMENTS: Money market initiated at the level of 8.50% - 9.00%. As the day progressed market remained within the band of 8.60% - 8.80%. In Call and Clean market, major trades were seen between the level of 8.75% - 9.00%. Money market closed within the level of 8.60% - 8.75%.
SBP conducted PIB auction for 3, 5, 10, 15, 20 and 30 years and total amount of participation in each tenor PKR 6.35 billion, PKR 10.1 billion, PKR 20.5 billion, PKR 1.65 billion, PKR 4.0 billion and PKR 6.5 billion respectively. For Monday it is expected that money market would remain within the band of 8.75% - 9.25%.
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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 8.50 9.00 8.75 9.25 8.88
1-Week 8.50 8.70 8.60 8.80 8.65
2-Weeks 8.50 8.75 8.70 8.80 8.69
1-Month 8.70 8.80 8.75 8.90 8.79
2-Months 8.70 8.85 8.80 8.95 8.83
3-Months 8.75 8.95 8.80 9.00 8.88
4-Months 8.80 8.90 8.85 9.00 8.89
5-Months 8.80 9.00 8.90 9.10 8.95
6-Months 8.85 9.00 8.90 9.15 8.98
9-Months 8.85 9.10 9.00 9.20 9.04
1-Year 8.90 9.10 9.10 9.25 9.09
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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 8.75 9.25 9.00 9.50 9.13
1-Week 8.75 9.00 9.00 9.25 9.00
2-Weeks 8.90 9.10 9.00 9.25 9.06
1-Month 9.00 9.25 9.25 9.50 9.25
2-Months 9.25 10.00 9.60 10.25 9.78
3-Months 9.50 10.00 9.75 10.25 9.88
4-Months 9.75 10.25 10.00 10.50 10.13
5-Months 10.00 10.50 10.25 10.75 10.38
6-Months 10.25 10.50 10.50 10.75 10.50
9-Months 10.25 10.75 10.75 11.25 10.75
1-Year 10.50 11.00 10.75 11.25 10.88
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PIB Secondary Market Data
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Maturity Yield Range
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0.1-0.5 Years 9.00 9.15
0.6-1.0 Years 9.00 9.20
1.1-1.5 Years 9.10 9.25
1.6-2.0 Years 9.25 9.30
2.1-2.5 Years 9.25 9.30
2.6-3.0 Years 9.30 9.35
3.1-3.5 Years 9.50 9.60
3.6-4.0 Years 9.60 9.70
4.1-4.5 Years 9.70 9.80
4.6-5.0 Years 9.80 9.90
5.1-5.5 Years 9.80 9.90
5.6-6.0 Years 9.85 9.95
6.1-6.5 Years 9.85 9.95
6.6-7.0 Years 9.90 10.00
7.1-7.5 Years 9.90 10.00
8.6-9.0 Years 10.00 10.05
9.1-9.5 Years 10.00 10.05
9.5-10.0 Years 10.10 10.15
15 Years 10.60 10.90
20 Years 11.30 11.60
30 Years 11.40 11.90
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FIB Secondary Market Data
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Maturity Yield Range
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0.1-0.5 Years 9.00 9.15
0.6-1.0 Years 9.00 9.20
1.1-1.5 Years 9.10 9.25
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Clean Deposit Market
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Tenor Range (% p a)
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1 Month 9.25 9.75
3 Months 10.00 10.25
6 Months 10.50 11.00
12 Months 11.00 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 9.00-9.40
8-15 Days 8.90-9.25
16-30 Days 8.90-9.10
31-60 Days 8.75-9.00
61-90 Days 8.65-8.75
91-120 Days 8.75-8.80
121-180 Days 8.75-8.85
181-270 Days 8.85-8.95
271-365 Days 8.95-9.00
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Kerb Market FX Rate
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Currency Bid Offer
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USD 60.77 60.82
EUR 82.25 82.35
GBP 121.20 121.30
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