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Print 2005-02-10
Money Market Report
Money market report by Khadim Ali Shah Bukhari & Co on Wednesday (February 09, 2005).
Money market report by Khadim Ali Shah Bukhari & Co on Wednesday (February 09, 2005).
DAILY MONEY MARKET COMMENTS: Today morning the money market rates were indicated between the bids and offer range of 2.50%-4.50%. As the day progressed, the gap between bids and offers narrowed down and the first Repo deal was witnessed at the level of 3.50%. Most of the overnight Repo deals were done at the level of 3.00%-3.75%. There are very few banks who borrowed in overnight repo from 4.00%-4.50%. However in clean & call placements the overnight interest rates were 4.75%-7.50%. At the end of the day, the interbank overnight rates were closed at 3.00%-3.25%. Keeping in view, today's interbank market, we beleieve that tomorrow market rates will remain at the same levels since there is no inflow or outflow of funds.
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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 2.50 4.00 3.25 4.50 3.56
1-Week 2.75 3.00 3.50 3.75 3.25
2-Week 3.25 3.50 3.75 4.00 3.63
1-Month 4.00 4.25 4.50 5.00 4.44
2-Months 4.25 4.50 4.75 5.00 4.63
3-Months 4.75 5.25 5.00 5.50 5.13
4-Months 4.75 5.00 5.40 5.70 5.21
5-Months 5.00 5.50 5.70 5.90 5.53
6-Months 5.00 5.50 5.60 6.00 5.53
9-Months 5.25 5.75 6.00 6.60 5.90
1-Year 5.50 5.75 6.00 6.75 6.00
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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 3.50 4.50 4.50 5.00 4.38
1-Week 3.25 3.50 4.00 4.50 3.81
2-Week 4.50 4.75 5.25 5.50 5.00
1-Month 5.50 6.00 5.75 6.25 5.88
2-Month 5.00 5.25 6.00 6.50 5.69
3-Month 6.00 6.50 6.75 7.00 6.56
4-Month 6.25 6.50 6.80 7.10 6.66
5-Month 6.50 6.75 7.00 7.20 6.86
6-Month 6.75 6.90 7.00 7.25 6.98
9-Month 6.90 7.10 7.20 7.30 7.13
1-Year 7.00 7.10 7.25 7.40 7.19
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PIB Secondary Market Data
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Maturity Yield Range
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0.1-0.5 Years 4.50 5.00
0.6-1.0 Years 5.00 5.25
1.1-1.5 Years 5.50 5.75
1.6-2.0 Years 5.90 6.10
2.1-2.5 Years 5.95 6.20
2.6-3.0 Years 6.10 6.30
3.1-3.5 Years 6.20 6.40
3.6-4.0 Years 6.40 6.70
4.1-4.5 Years 6.50 6.75
4.6-5.0 Years 7.10 7.35
5.6-6.0 Years 7.25 7.50
6.1-6.5 Years 7.40 7.60
6.6-7.0 Years 7.50 7.75
7.1-7.5 Years 7.60 7.80
7.6-8.0 Years 7.75 8.00
8.1-8.5 Years 7.90 8.05
8.6-9.0 Years 8.10 8.25
9.1-9.5 Years 8.15 8.25
9.6-10.0 Year 8.15 8.30
15 Years 9.10 9.30
20 Years 10.10 10.25
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FIB Secondary Market Data
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Maturity Yield Range
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0.1-0.5 Years 4.75 5.00
0.6-1.0 Years 5.00 5.25
1.1-1.5 Years 5.10 5.40
1.6-2.0 Years 5.35 5.75
2.1-2.5 Years 5.50 5.80
2.6-3.0 Years 5.75 6.00
3.1-3.5 Years 6.20 6.40
3.6-4.0 Years 6.40 6.60
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Clean Deposit Market
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Tenor Range (% p a)
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01 Month 6.50 7.50
03 Months 7.00 8.00
06 Months 7.50 8.25
12 Months 7.75 8.50
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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 4.75-5.00
8-15 Days 4.30-4.80
16-30 Days 4.40-4.80
31-60 Days 4.45-4.85
61-90 Days 4.50-4.90
91-120 Days 4.60-4.90
121-180 Days 4.90-5.10
181-270 Days 5.00-5.25
271-365 Days 5.20-5.40
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Kerb Market FX Rate
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Currency Bid Offer
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USD 59.50 59.60
EUR 76.20 76.40
GBP 110.50 110.80
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