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Print 2004-10-20
Money Market Report
Money market report by Khadim Ali Shah Bukhari & Co on Tuesday (October 19, 2004).
Money market report by Khadim Ali Shah Bukhari & Co on Tuesday (October 19, 2004).
DAILY MONEY MARKET COMMENTS: Initially money market was seen at the level of 7.00% -7.40%. In the beginning of the day few trades were seen at the level of 7.00% - 7.25%.
As the day progressed offers moved to the level of 7.40% while the bids were seen at the level of 7.25%. At the end of the day borrowers were covering their positions at the level of 7.40%.
At closing bids were seen in the market with the scarcity of offers. Banks approached SBP for discounting of Rs 7.90 billion.
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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 6.00 7.40 7.00 7.40 6.95
1-Week 4.25 4.50 5.00 5.50 4.81
2-Week 3.50 3.75 4.00 4.25 3.88
1-Month 3.00 3.25 3.25 3.50 3.25
2-Months 3.25 3.50 3.75 4.00 3.63
3-Months 3.30 3.50 3.75 4.00 3.64
4-Months 3.30 3.60 3.90 4.00 3.70
5-Months 3.25 3.50 3.75 4.00 3.63
6-Months 3.50 3.90 4.25 4.50 4.04
9-Months 3.75 4.00 4.40 3.70 3.96
1-Year 3.90 4.10 4.25 4.50 4.19
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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 7.00 7.40 7.25 7.40 7.26
1-Week 4.50 5.00 5.50 6.00 5.25
2-Week 4.00 4.25 4.50 4.75 4.38
1-Month 3.75 4.00 4.25 4.50 4.13
2-Month 3.50 3.75 4.25 4.50 4.00
3-Month 3.50 3.75 4.25 4.50 4.00
4-Month 3.60 3.75 4.30 4.60 4.06
5-Month 3.75 4.00 4.50 4.75 4.25
6-Month 4.00 4.25 4.50 4.75 4.38
9-Month 4.00 4.25 4.90 5.10 4.56
1-Year 4.50 4.75 5.10 5.30 4.91
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PIB Secondary Market Data
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Maturity Yield Range
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0.1-0.5 Years 2.25 3.50
0.6-1.0 Years 3.50 4.25
1.1-1.5 Years 3.75 4.50
1.6-2.0 Years 4.50 5.00
2.1-2.5 Years 4.75 5.00
2.6-3.0 Years 5.00 5.30
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 7.80 8.00
6.6-7.0 Years 7.90 8.10
7.1-7.5 Years 8.20 8.40
7.6-8.0 Years 8.25 8.35
8.1-8.5 Years 8.20 8.40
8.6-9.0 Years 8.10 8.30
9.1-9.5 Years 8.28 8.33
9.6-10.0 Years 8.25 8.50
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 2.15 3.40
0.6-1.0 Years 3.40 4.15
1.1-1.5 Years 3.65 4.40
1.6-2.0 Years 4.40 4.90
2.1-2.5 Years 4.65 4.90
2.6-3.0 Years 4.90 5.20
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 4.00 5.00
03 Months 4.50 5.50
06 Months 4.75 5.75
12 Months 5.25 6.50
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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 3.00-4.00
8-15 Days 3.00-3.50
16-30 Days 1.60-2.10
31-60 Days 2.20-2.60
61-90 Days 2.40-2.80
91-120 Days 2.60-3.00
121-180 Days 2.80-3.20
181-270 Days 3.00-3.40
271-365 Days 3.20-3.60
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Kerb Market FX Rate
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Currency Bid Offer
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USD 60.20 60.30
EUR 74.65 74.90
GBP 107.75 108.00
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