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Print 2005-06-05
Money Market Report
Money market report by Khadim Ali Shah Bukhari & Co on Saturday (June 04, 2005).
Money market report by Khadim Ali Shah Bukhari & Co on Saturday (June 04, 2005).
DAILY MONEY MARKET COMMENTS: Today morning the money market rates were indicated between the bids and offer range of 1.00% -2.50%. As the day progressed, the gap between bids and offers narrowed down and first repo deal was witnessed at the level of 1.75%. Most of the overnight repo deals were done in between the range of 1.75% - 2.25%.
However in clean & call placements the overnight interest rates were 2.25% - 2.75%. Most of the activity was seen in two week tenor, rates were seen in the range of 4.50% - 5.00%. At the end of the day the interbank overnight rates were seen at the levels of 1.75% - 2.25% and closed at 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 1.00 2.50 1.75 3.00 2.06
1-Week 3.50 3.75 3.75 4.00 3.75
2-Week 4.50 5.00 5.00 5.25 4.94
1-Month 6.00 6.10 6.20 6.40 6.18
2-Months 6.20 6.25 6.50 6.75 6.43
3-Months 6.75 7.00 7.25 7.50 7.13
4-Months 6.80 7.10 7.10 7.30 7.08
5-Months 7.00 7.20 7.50 7.75 7.36
6-Months 7.40 7.60 7.90 8.00 7.73
9-Months 7.50 7.90 8.00 8.25 7.91
1-Year 7.70 7.90 8.30 8.45 8.09
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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 1.50 3.00 2.00 3.50 2.50
1-Week 4.00 4.25 4.25 4.50 4.25
2-Week 5.00 5.50 5.50 6.00 5.50
1-Month 7.00 7.30 7.50 7.80 7.40
2-Months 7.20 7.40 7.50 7.90 7.50
3-Months 8.00 8.10 8.30 8.50 8.23
4-Months 8.10 8.20 8.60 8.70 8.40
5-Months 8.30 8.40 8.70 8.90 8.58
6-Months 9.00 9.30 9.50 9.70 9.38
9-Months 9.10 9.20 9.50 9.70 9.38
1-Year 9.00 9.10 9.50 9.80 9.35
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PIB Secondary Market Data
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Maturity Yield Range
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0.1-0.5 Years 8.00 8.20
0.6-1.0 Years 7.90 8.10
1.1-1.5 Years 8.50 8.75
1.6-2.0 Years 8.60 8.85
2.1-2.5 Years 8.80 9.00
2.6-3.0 Years 8.75 8.85
3.1-3.5 Years 9.00 9.15
3.6-4.0 Years 9.20 9.35
4.1-4.5 Years 9.30 9.65
4.6-5.0 Years 9.35 9.70
5.6-6.0 Years 9.55 9.85
6.1-6.5 Years 9.65 9.85
6.6-7.0 Years 9.75 9.80
7.1-7.5 Years 9.70 9.85
7.6-8.0 Years 9.80 10.10
8.1-8.5 Years 9.85 10.10
8.6-9.0 Years 9.80 10.10
15 Years 11.45 11.80
20 Years 12.30 12.60
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FIB Secondary Market Data
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Maturity Yield Range
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0.1-0.5 Years 8.10 8.30
0.6-1.0 Years 8.00 8.20
1.1-1.5 Years 8.60 8.85
1.6-2.0 Years 8.70 8.95
2.1-2.5 Years 8.90 9.10
2.6-3.0 Years 8.85 8.95
3.1-3.5 Years 9.10 9.25
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Clean Deposit Market
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Tenor Range (% p a)
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1 Month 7.25 7.75
3 Months 8.25 8.75
6 Months 8.50 9.00
12 Months 9.50 10.00
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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 3.40-3.70
8-15 Days 4.40-4.70
16-30 Days 6.00-6.10
31-60 Days 6.50-6.65
61-90 Days 6.90-7.10
91-120 Days 7.25-7.30
121-180 Days 7.50-7.60
181-270 Days 7.70-7.85
271-365 Days 7.85-8.10
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Kerb Market FX Rate
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Currency Bid Offer
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USD 60.50 60.60
EUR 74.40 74.70
GBP 110.40 110.70
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