Print
Print 2004-10-31
Money Market Report
Money market report by Khadim Ali Shah Bukhari & Co on Saturday (October 30, 2004).
Money market report by Khadim Ali Shah Bukhari & Co on Saturday (October 30, 2004).
DAILY MONEY MARKET COMMENTS: The money market was initiated at the level of 0.50% - 1.00%. SBP conducted OMO in 1 week and 2 weeks to drain out the excess liquidity from the market. After the announcement of OMO market moved upwardand was seen at the level of 1.00% - 2.00%. SBP accepted Rs 3.95 billion @2.15% and Rs 380 million @2.45% in 1 and 2 weeks respectively against the total offered amount of Rs 8.0 billion. After the result of OMO market came down and was seen at the lower band of 0.25% - 0.50%. At the end market was seen to be traded at the elevel of 0.25% and closed with the offers at 0.25% and scarcity of bids.
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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 0.25 1.00 0.25 2.00 0.88
1-Week 0.50 0.75 1.50 2.00 1.19
2-Week 1.00 1.25 2.00 2.50 1.69
1-Month 2.00 3.25 2.50 3.00 2.44
2-Months 2.75 3.00 3.25 3.40 3.10
3-Months 3.25 3.30 3.60 3.70 3.48
4-Months 3.20 3.30 3.60 3.70 3.45
5-Months 3.25 3.50 4.00 4.25 3.75
6-Months 3.50 3.75 4.00 4.25 3.88
9-Months 3.75 4.00 4.25 4.50 4.13
1-Year 4.00 4.25 4.50 4.75 4.38
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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 0.50 1.50 0.75 2.00 1.19
1-Week 0.75 1.25 1.75 2.25 1.50
2-Week 1.50 2.00 2.25 2.75 2.13
1-Month 2.50 2.75 3.25 3.50 3.00
2-Month 3.00 3.25 3.50 3.90 3.41
3-Month 4.00 4.50 4.75 5.00 4.56
4-Month 4.25 4.50 4.50 4.75 4.50
5-Month 4.00 4.25 4.75 5.00 4.50
6-Month 4.00 4.25 4.50 5.00 4.44
9-Month 4.25 4.50 4.75 5.00 4.63
1-Year 4.50 4.75 5.50 6.50 5.31
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PIB Secondary Market Data
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Maturity Yield Range
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0.1-0.5 Years 3.25 4.00
0.6-1.0 Years 4.00 4.50
1.1-1.5 Years 4.25 5.00
1.6-2.0 Years 4.50 5.00
2.1-2.5 Years 4.80 5.20
2.6-3.0 Years 5.00 5.40
3.1-3.5 Years 5.30 5.70
3.6-4.0 Years 5.50 5.90
4.1-4.5 Years 5.70 6.10
4.6-5.0 Years 5.90 6.30
6.1-6.5 Years 7.90 8.10
6.6-7.0 Years 7.80 8.00
7.1-7.5 Years 8.00 8.10
7.6-8.0 Years 8.10 8.20
8.1-8.5 Years 8.25 8.35
8.6-9.0 Years 8.20 8.30
9.1-9.5 Years 7.85 8.10
9.6-10.0 Years 7.80 8.00
15 Years 9.00 9.10
20 Years 10.00 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 3.15 3.90
0.6-1.0 Years 3.90 4.40
1.1-1.5 Years 4.15 4.90
1.6-2.0 Years 4.40 4.90
2.1-2.5 Years 4.70 5.10
2.6-3.0 Years 4.90 5.30
3.1-3.5 Years 5.20 5.60
3.6-4.0 Years 5.40 5.80
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Clean Deposit Market
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Tenor Range (% p a)
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01 Month 4.25 6.25
03 Months 5.00 5.50
06 Months 5.50 6.50
12 Months 5.50 7.50
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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 1.50-3.00
8-15 Days 2.00-2.50
16-30 Days 2.00-2.75
31-60 Days 2.50-3.00
61-90 Days 3.00-3.25
91-120 Days 3.10-3.40
121-180 Days 3.30-3.60
181-270 Days 3.40-3.70
271-365 Days 3.50-3.80
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Kerb Market FX Rate
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Currency Bid Offer
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USD 61.80 62.10
EUR 78.10 78.30
GBP 112.50 113.00
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