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Print 2005-06-14
Money Market Report
Money market report by Khadim Ali Shah Bukhari & Co on Monday (June 13, 2005).
Money market report by Khadim Ali Shah Bukhari & Co on Monday (June 13, 2005).
DAILY MONEY MARKET COMMENTS: Today morning the money market rates were indicated between the bids and offer range of 4.00% - 6.00%. As the day progressed, the gap between bids and offers narrowed down and first repo deal was witnessed at the level of 4.75%. SBP moped up Rs 18.3 billion @ 6.00% against the participation of Rs 22 billion. After this mop up money market rates moved upward and bids and offer ranged between 7.00% - 88.00%. However in clean & call placements the overnight interest rates were 5.50% - 6.50%. At the end of the day the interbank overnight rates were seen at the levels of 5.00% -5.50% 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 4.00 8.25 5.00 8.90 6.54
1-Week 4.50 5.25 5.00 5.75 5.13
2-Week 5.25 5.50 5.75 6.00 5.63
1-Month 6.25 6.50 6.75 7.00 6.63
2-Months 6.50 7.00 7.25 7.50 7.06
3-Months 7.00 7.25 7.50 7.75 7.38
4-Months 7.25 7.50 7.75 8.00 7.63
5-Months 7.40 7.70 7.90 8.25 7.81
6-Months 7.50 7.75 8.00 8.35 7.90
9-Months 7.65 8.00 8.25 8.50 8.10
1-Year 8.00 8.25 8.50 9.00 8.44
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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 4.50 8.75 5.50 9.00 6.94
1-Week 5.00 5.75 6.00 6.25 5.75
2-Week 5.75 6.00 6.50 6.75 6.25
1-Month 7.00 7.50 7.50 8.00 7.50
2-Months 7.10 7.30 7.60 8.10 7.53
3-Months 8.00 8.50 8.50 9.00 8.50
4-Months 7.70 7.90 8.00 8.10 7.93
5-Months 8.00 8.20 8.50 8.70 8.35
6-Months 8.20 8.40 8.60 8.75 8.49
9-Months 8.50 8.70 8.90 9.20 8.83
1-Year 8.60 8.65 9.00 9.35 8.90
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PIB Secondary Market Data
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Maturity Yield Range
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0.1-0.5 Years 7.75 7.90
0.6-1.0 Years 8.30 8.35
1.1-1.5 Years 8.45 8.50
1.6-2.0 Years 8.60 8.70
2.1-2.5 Years 8.70 8.90
2.6-3.0 Years 8.80 8.90
3.1-3.5 Years 9.00 9.10
3.6-4.0 Years 9.10 9.30
4.1-4.5 Years 9.20 9.35
4.6-5.0 Years 9.30 9.45
5.1-5.5 Years 9.50 9.60
5.6-6.0 Years 9.65 9.75
6.1-6.5 Years 9.70 9.80
6.6-7.0 Years 9.80 9.90
7.1-7.5 Years 9.90 10.00
7.6-8.0 Years 10.10 10.20
8.1-8.5 Years 10.20 10.35
8.6-9.0 Years 10.30 10.40
15 Years 11.50 12.00
20 Years 12.50 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 7.85 8.00
0.6-1.0 Years 8.40 8.45
1.1-1.5 Years 8.55 8.60
1.6-2.0 Years 8.70 8.80
2.1-2.5 Years 8.80 9.00
2.6-3.0 Years 8.90 9.00
3.1-3.5 Years 9.10 9.20
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Clean Deposit Market
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Tenor Range (% p a)
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1 Month 7.50 8.00
3 Months 8.25 9.25
6 Months 8.50 9.50
12 Months 9.00 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 5.20-5.75
8-15 Days 5.75-6.00
16-30 Days 6.75-7.00
31-60 Days 7.00-7.35
61-90 Days 7.20-7.40
91-120 Days 7.50-7.65
121-180 Days 7.75-7.90
181-270 Days 7.90-8.10
271-365 Days 8.20-8.40
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Kerb Market FX Rate
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Currency Bid Offer
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USD 60.65 60.75
EUR 74.00 74.50
GBP 110.00 110.50
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