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Print 2004-07-23
Money Market Report
Money market report by Khadim Ali Shah Bukhari & Co on Thursday (July 22,2004).
Money market report by Khadim Ali Shah Bukhari & Co on Thursday (July 22,2004).
DAILY MONEY MARKET COMMENTS: The interbank overnight trading initiate in the level of 0.75% -1.25%, rates started escalating from this level of 3.50% -4.00% majority of the traders were seen in the vicinity of 2.00% -3.00%.
In tenors 1-month repo against T-bills was active today, it was quoted in the band of 1.70%-1.90%.
10-year PIB (8%) coupon was quoted in the range of 8.20% -8.40%.
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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 0.75 3.50 1.25 4.00 2.38
1-Week 1.25 1.75 1.75 2.25 1.75
2-Week 1.40 1.60 1.80 2.00 1.70
1-Month 1.30 1.50 1.70 1.90 1.60
2-Months 1.50 1.75 2.00 2.25 1.88
3-Months 1.90 2.10 2.30 2.50 2.20
4-Months 2.00 2.20 2.40 2.60 2.30
5-Months 2.20 2.40 2.60 2.80 2.50
6-Months 2.40 2.60 2.80 3.00 2.70
9-Months 2.75 3.00 3.25 3.50 3.13
1-Year 3.00 3.25 3.50 3.75 3.38
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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 1.00 3.75 1.50 4.25 2.63
1-Week 1.50 2.00 2.00 2.50 2.00
2-Week 1.60 1.80 2.00 2.20 1.90
1-Month 1.50 1.70 1.90 2.10 1.80
2-Month 1.75 2.00 2.25 2.50 2.13
3-Month 2.20 2.40 2.60 2.80 2.50
4-Month 2.20 2.40 2.60 2.80 2.50
5-Month 2.40 2.60 2.80 3.00 2.70
6-Month 2.60 2.80 3.00 3.20 2.90
9-Month 3.00 3.25 3.25 3.50 3.25
1-Year 3.25 3.50 3.75 4.00 3.63
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PIB Secondary Market Data
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Maturity Yield Range
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0.1-0.5 Years 2.00 3.00
0.6-1.0 Years 2.40 3.50
1.1-1.5 Years 3.50 4.50
1.6-2.0 Years 5.10 5.60
2.1-2.5 Years 5.60 6.00
2.6-3.0 Years 5.90 6.20
3.1-3.5 Years 6.10 6.50
3.6-4.0 Years 6.30 6.70
4.1-4.5 Years 6.70 7.00
4.6-5.0 Years 6.90 7.20
6.6-7.0 Years 7.80 8.30
7.1-7.5 Years 8.20 8.60
7.6-8.0 Years 8.20 8.60
8.1-8.5 Years 8.20 8.60
8.6-9.0 Years 8.30 8.60
9.1-9.5 Years 8.20 8.40
9.6-10.0 Years 8.20 8.40
15 Years 9.05 9.30
20 Years 10.05 10.30
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FIB Secondary Market Data
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Maturity Yield Range
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0.1-0.5 Years 2.10 3.10
0.6-1.0 Years 2.50 3.60
1.1-1.5 Years 3.60 4.60
1.6-2.0 Years 5.20 5.70
2.1-2.5 Years 5.70 6.10
2.6-3.0 Years 6.00 6.30
3.1-3.5 Years 6.20 6.60
3.6-4.0 Years 6.40 6.80
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Clean Deposit Market
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Tenor Range (% p a)
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01 Month 2.25 3.50
03 Months 2.50 3.75
06 Months 3.25 4.00
12 Months 3.50 4.25
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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 1.40-1.80
8-15 Days 1.30-1.70
16-30 Days 1.40-1.70
31-60 Days 1.40-1.90
61-90 Days 1.60-1.90
91-120 Days 2.00-2.20
121-180 Days 2.25-2.50
181-270 Days 2.40-2.60
271-365 Days 2.90-3.40
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Kerb Market FX Rate
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Currency Bid Offer
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USD 58.47 58.52
EUR 71.75 72.00
GBP 1 07.50 107.80
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