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Print Print 2010-03-21

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Saturday (March 20, 2010).
Published March 21, 2010

Money market report by Khadim Ali Shah Bukhari & Co on Saturday (March 20, 2010).
DAILY MONEY MARKET COMMENTS: Money market initiated at the level of 12.00% - 12.20%. In Repo, major deals were done in the range of 12.10% - 12.30%. Money Market closed at the level of 12.30% - 12.40%. SBP announced 7 days OMO and injected PKR 62.00 billion @ 12.08% against total participation of PKR 102.00 billion. For Monday it is expected that money market would trade at the level of 12.20% - 12.40%.



=================================================================
Repo Rates (Yield p a)
-----------------------------------------------------------------
Tenor Low Bid High Bid Low Offer High Offer Average
=================================================================
Overnight 12.00 12.40 12.10 12.40 12.23
1-Week 11.60 12.15 12.10 12.20 12.01
2-Week 11.65 12.10 12.10 12.20 12.01
1-Month 11.70 12.15 12.10 12.20 12.04
2-Months 11.75 12.10 12.10 12.15 12.03
3-Months 11.80 12.10 12.10 12.15 12.04
4-Months 11.85 12.15 12.15 12.20 12.09
5-Months 11.90 12.15 12.15 12.20 12.10
6-Months 11.90 12.15 12.15 12.20 12.10
9-Months 11.95 12.15 12.15 12.20 12.11
1-Year 12.00 12.20 12.20 12.25 12.16
=================================================================
Call Rates (Yield p a)
-----------------------------------------------------------------
Tenor Low Bid High Bid Low Offer High Offer Average
=================================================================
Overnight 12.00 12.40 12.10 12.40 12.23
1-Week 11.70 12.15 12.10 12.20 12.04
2-Week 11.80 12.15 12.10 12.20 12.06
1-Month 11.90 12.15 12.10 12.20 12.09
2-Months 11.90 12.15 12.15 12.20 12.10
3-Months 11.90 12.20 12.15 12.25 12.13
4-Months 12.00 12.20 12.15 12.25 12.15
5-Months 12.00 12.25 12.15 12.30 12.18
6-Months 12.00 12.25 12.15 12.30 12.18
9-Months 12.10 12.25 12.20 12.30 12.21
1-Year 12.15 12.30 12.25 12.40 12.28
=================================================================
================================
PIB Secondary Market Data
--------------------------------
Maturity Yield Range
================================
0.1-0.5 Years 12.35 12.40
0.6-1.0 Years 12.40 12.45
1.1-1.5 Years 12.40 12.45
1.6-2.0 Years 12.40 12.45
2.1-2.5 Years 12.40 12.45
2.6-3.0 Years 12.40 12.45
3.1-3.5 Years 12.45 12.50
3.6-4.0 Years 12.50 12.55
4.1-4.5 Years 12.50 12.55
4.6-5.0 Years 12.50 12.55
5.1-5.5 Years 12.50 12.55
5.6-6.0 Years 12.55 12.60
6.1-6.5 Years 12.64 12.68
6.6-7.0 Years 12.64 12.67
7.1-7.5 Years 12.65 12.68
7.6-8.0 Years 12.65 12.68
8.1-8.5 Years 12.68 12.70
8.6-9.0 Years 12.68 12.70
9.1-9.5 Years 12.67 12.69
9.5-10.0 Years 12.67 12.69
15 Years 13.00 13.10
20 Years 13.15 13.25
30 Years 13.20 13.30
================================
Clean Deposit Market
--------------------------------
Tenor Range (% p a)
================================
1 Month 12.25 12.35
3 Months 12.40 12.50
6 Months 12.50 12.75
12 Months 12.70 13.00
================================
T-Bill Secondary Market Data
================================
3 Months, 6 Months &
12 Months Instruments
================================
Days to Maturity Yield Range %
================================
0-7 Days 12.10 12.15
8-15 Days 12.10 12.15
16-30 Days 12.10 12.15
31-60 Days 12.10 12.15
61-90 Days 12.12 12.15
91-120 Days 12.20 12.23
121-180 Days 12.26 12.29
181-270 Days 12.34 12.37
271-365 Days 12.36 12.39
================================
Kerb Market FX Rate
--------------------------------
Currency Bid Offer
--------------------------------
USD 84.25 84.60
EUR 115.50 116.70
GBP 127.50 129.00
================================

Copyright Business Recorder, 2010

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