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Print 2005-03-09
Money Market Report
Money market report by Khadim Ali Shah Bukhari & Co on Tuesday (March 08, 2005).
Money market report by Khadim Ali Shah Bukhari & Co on Tuesday (March 08, 2005).
DAILY MONEY MARKET COMMENTS: Today morning the money market rates were indicated between the bids and offer range of 7.00%-7.40%. Few Repo deals were seen at the level of 7.25%. Asth eday progressed, the gap between bids and offers narrowed down and the first Repo deal was witnessed at the level of 7.40%. Most of the overnight Repo deals were done at the level of 7.40%.
There are very few banks who borrowed in overnight Repo at 7.25%. However in clean & call placements the overnight interest rates were 10%-11.00%. At the end of the day the interbank overnight rates were closed at 7.40% with the discounting figure of Rs 738 million.
Keeping in view today's money market we believe that tomorrow money market rates will remain on the same level since there is no inflow or ouflow from the market.
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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 7.25 7.40 7.40 7.45 7.38
1-Week 6.25 6.50 6.50 6.75 6.50
2-Week 5.50 5.75 6.00 6.25 5.88
1-Month 5.25 5.75 5.80 6.25 5.76
2-Months 4.75 5.25 5.50 5.75 5.31
3-Months 4.50 5.00 5.25 5.50 5.06
4-Months 4.75 5.25 5.50 5.75 5.31
5-Months 5.00 5.25 5.75 6.25 5.56
6-Months 5.25 5.70 6.00 6.50 5.86
9-Months 5.50 5.80 6.25 6.75 6.08
1-Year 6.00 6.25 6.75 7.00 6.50
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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 7.50 8.00 8.50 9.50 8.38
1-Week 5.75 6.25 6.50 7.00 6.38
2-Week 5.25 5.75 6.25 6.50 5.94
1-Month 5.75 6.00 6.25 6.50 6.13
2-Month 5.25 5.75 6.00 6.25 5.81
3-Month 5.00 5.50 5.75 6.00 5.56
4-Month 5.25 5.50 6.00 6.25 5.75
5-Month 5.50 5.75 6.25 6.50 6.00
6-Month 5.75 6.00 6.50 7.00 6.31
9-Month 6.00 6.25 6.75 7.25 6.56
1-Year 6.50 6.75 7.25 7.75 7.06
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PIB Secondary Market Data
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Maturity Yield Range
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0.1-0.5 Years 5.25 5.50
0.6-1.0 Years 5.70 5.90
1.1-1.5 Years 6.00 6.20
1.6-2.0 Years 6.25 6.35
2.1-2.5 Years 6.40 6.50
2.6-3.0 Years 6.55 6.65
3.1-3.5 Years 6.85 7.15
3.6-4.0 Years 7.10 7.25
4.1-4.5 Years 7.25 7.35
4.6-5.0 Years 7.30 7.45
5.6-6.0 Years 7.85 8.00
6.1-6.5 Years 7.95 8.10
6.6-7.0 Years 8.05 8.20
7.1-7.5 Years 8.08 8.20
7.6-8.0 Years 8.10 8.25
8.1-8.5 Years 8.10 8.22
8.6-9.0 Years 8.10 8.25
9.1-9.5 Years 8.15 8.30
15 Years 9.20 9.30
20 Years 10.20 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 5.40 5.65
0.6-1.0 Years 5.80 6.00
1.1-1.5 Years 6.10 6.30
1.6-2.0 Years 6.35 6.45
2.1-2.5 Years 6.50 6.60
2.6-3.0 Years 6.65 6.75
3.1-3.5 Years 6.95 7.25
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Clean Deposit Market
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Tenor Range (% p a)
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01 Month 7.00 8.00
03 Months 7.50 8.25
06 Months 7.75 8.50
12 Months 8.00 8.75
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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 6.70-6.85
8-15 Days 5.85-5.95
16-30 Days 4.80-4.95
31-60 Days 4.60-4.70
61-90 Days 4.70-4.85
91-120 Days 4.90-5.00
121-180 Days 5.10-5.25
181-270 Days 5.30-5.40
271-365 Days 5.50-5.60
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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 78.30 78.60
GBP 113.90 114.20
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