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Print 2005-03-13
Money Market Report
Money market report by Khadim Ali Shah Bukhari & Co on Saturday (March 12, 2005).
Money market report by Khadim Ali Shah Bukhari & Co on Saturday (March 12, 2005).
DAILY MONEY MARKET COMMENTS: Today morning the money market rates were indicated between the bids and offer range of 4.00 - 5.00%. All of the Repo deals were seen at the level of 4.00%. As the day progressed, the gap between bids and offers narrowed down and the first Repo deal was witnessed at the level of 4.50%. Most of the overnight Repo deals were done in between the range of 2.50% - 3.00%. There are very few banks who borrowed in overnight Repo at 4.50%. However in clean & call placements the overnight interest rates were 4.00% - 5.00%. At the end of the interbank overnight rates were closed at 2.00%.
Keeping in view today's money market we believe that tomorrow money market will remain on the same levels.
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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 2.00 4.00 2.50 5.00 3.38
1-Week 3.50 4.00 4.00 4.25 3.94
2-Week 3.75 4.00 4.25 4.50 4.13
1-Month 4.00 4.25 4.50 4.75 4.38
2-Months 4.25 4.75 4.75 5.25 4.75
3-Months 4.50 5.00 5.00 5.50 5.00
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 4.00 7.50 7.50 5.00 6.00
1-Week 4.50 5.00 5.50 6.00 5.25
2-Week 4.00 4.25 4.75 5.00 4.50
1-Month 5.00 5.50 6.00 6.25 5.69
2-Month 5.50 5.75 6.25 6.50 6.00
3-Month 6.00 6.25 6.50 6.75 6.38
4-Month 6.00 6.25 6.50 6.75 6.38
5-Month 6.25 6.50 6.75 7.00 6.63
6-Month 6.50 6.75 7.00 7.25 6.88
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 5.35 5.60
0.6-1.0 Years 5.75 5.90
1.1-1.5 Years 6.00 6.25
1.6-2.0 Years 6.25 6.35
2.1-2.5 Years 6.35 6.42
2.6-3.0 Years 6.50 6.60
3.1-3.5 Years 6.85 7.00
3.6-4.0 Years 7.00 7.20
4.1-4.5 Years 7.10 7.25
4.6-5.0 Years 7.20 7.35
5.6-6.0 Years 7.85 8.00
6.1-6.5 Years 7.95 8.10
6.6-7.0 Years 8.00 8.15
7.1-7.5 Years 8.00 8.10
7.6-8.0 Years 8.05 8.15
8.1-8.5 Years 8.07 8.20
8.6-9.0 Years 8.10 8.20
9.1-9.5 Years 8.05 8.15
15 Years 9.20 9.25
20 Years 10.20 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 5.45 5.70
0.6-1.0 Years 5.85 6.00
1.1-1.5 Years 6.10 6.35
1.6-2.0 Years 6.35 6.50
2.1-2.5 Years 6.45 6.55
2.6-3.0 Years 6.60 6.70
3.1-3.5 Years 7.00 7.20
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Clean Deposit Market
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Tenor Range (% p a)
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01 Month 7.00 7.50
03 Months 7.25 7.50
06 Months 7.50 8.00
12 Months 8.00 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 6.40-6.70
8-15 Days 5.20-5.30
16-30 Days 4.80-4.95
31-60 Days 4.70-4.85
61-90 Days 4.75-4.85
91-120 Days 4.90-5.05
121-180 Days 5.15-5.25
181-270 Days 5.35-5.50
271-365 Days 5.60-5.70
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Kerb Market FX Rate
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Currency Bid Offer
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USD 59.52 59.57
EUR 79.85 80.10
GBP 114.40 114.70
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