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Print 2005-06-09
Money Market Report
Money market report by Khadim Ali Shah Bukhari & Co on Wednesday (June 08, 2005).
Money market report by Khadim Ali Shah Bukhari & Co on Wednesday (June 08, 2005).
DAILY MONEY MARKET COMMENTS: Today morning the money market rates were indicated between the bids and offer range of 4.50% - 5.50%. As the day progressed, the gap between bids and offers narrowed down and first repo deal was witnessed at the level of 5.00%. Most of the overnight repo deals were done in between the range of 5.00% - 5.50%. However in clean & call placements the overnight interest rates were 5.50% - 6.00%. At the end of the day the interbank overnight rates were seen at the levels of 5.75% - 6.25% and closed at the same levels.
SBP conducted auction for the sale of 3.6 and 12 months treasury bills and accepted Rs 108.5 billion in total against the total participation of Rs 113 billion, Rs 73.2 billion @ 7.5147. Rs 23.3 billion @ 7.9869 and Rs 12 billion @ 8.4477 in 3, 6 and 12 months respectively.
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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 4.50 6.00 5.00 6.50 5.50
1-Week 5.25 5.50 5.75 6.00 5.83
2-Week 5.25 5.50 5.75 6.00 5.63
1-Month 6.50 6.75 7.00 7.25 6.88
2-Months 6.70 7.00 7.30 7.50 7.13
3-Months 7.00 7.25 7.40 7.60 7.31
4-Months 7.10 7.30 7.50 7.70 7.40
5-Months 7.25 7.35 7.60 7.85 7.51
6-Months 7.40 7.60 7.90 8.00 7.73
9-Months 7.60 7.90 8.00 8.25 7.94
1-Year 7.80 8.00 8.30 8.50 8.15
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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 5.00 6.50 5.50 7.00 6.00
1-Week 5.75 6.00 6.25 6.50 6.13
2-Week 5.75 6.25 6.25 6.50 6.19
1-Month 7.25 7.75 7.50 8.00 7.63
2-Months 7.20 7.50 7.80 7.90 7.60
3-Months 7.50 7.70 7.90 8.10 7.80
4-Months 7.60 7.80 8.00 8.10 7.88
5-Months 7.70 8.00 8.40 8.70 8.20
6-Months 8.00 8.20 8.50 8.75 8.36
9-Months 8.20 8.40 8.70 8.80 8.53
1-Year 8.40 8.80 8.85 9.20 8.81
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PIB Secondary Market Data
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Maturity Yield Range
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0.1 - 0.5 Years 7.55 7.75
0.6 - 1.0 Years 7.75 7.85
1.1 - 1.5 Years 8.00 8.15
1.6 - 2.0 Years 8.50 8.60
2.1 - 2.5 Years 8.60 8.70
2.6 - 3.0 Years 8.85 9.00
3.1 - 3.5 Years 9.00 9.15
3.6 - 4.0 Years 9.00 9.10
4.1 - 4.5 Years 9.20 9.30
4.6 - 5.0 Years 9.30 9.40
5.1 - 5.5 Years 9.35 9.45
5.6 - 6.0 Years 9.50 9.60
6.1 - 6.5 Years 9.60 9.70
6.6 - 7.0 Years 9.70 9.80
7.1 - 7.5 Years 9.75 9.85
7.6 - 8.0 Years 9.85 10.00
8.1 - 8.5 Years 9.90 10.00
8.6 - 9.0 Years 9.95 10.10
15 Years 11.70 12.10
20 Years 12.70 12.80
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FIB Secondary Market Data
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Maturity Yield Range
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0.1 - 0.5 Years 7.65 7.85
0.6 - 1.0 Years 7.85 7.95
1.1 - 1.5 Years 8.10 8.25
1.6 - 2.0 Years 8.60 8.70
2.1 - 2.5 Years 8.70 8.80
2.6 - 3.0 Years 8.95 9.10
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 8.75 9.75
1 Month 7.50 8.00
3 Months 8.00 8.50
6 Months 8.50 9.00
12 Months 9.50 10.15
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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 5.25-5.50
8-15 Days 5.50-6.00
16-30 Days 6.25-6.95
31-60 Days 6.80-7.00
61-90 Days 7.00-7.25
91-120 Days 7.25-7.50
121-180 Days 7.40-7.80
181-270 Days 7.70-8.00
271-365 Days 8.00-8.15
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Kerb Market FX Rate
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Currency Bid Offer
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USD 60.40 60.45
EUR 74.70 75.00
GBP 110.40 111.70
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