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Print 2005-09-10
Money Market Report
Money market report by Khadim Ali Shah Bukhari & Co on Friday (September 09, 2005).
Money market report by Khadim Ali Shah Bukhari & Co on Friday (September 09, 2005).
DAILY MONEY MARKET COMMENTS: Today money market rates were initiated at the level of 5.00% - 7.00% and the first deal was witnessed at 6.00%. However in clean & call placements the overnight interest rates were at 8.00% - 9.25%. Today money market closed at 7.00%. SBP conducted 6 days OMO and mopped PKR 10.6 billion @ 7.90%.
Keeping in view of today's interbank market we believe that on Saturday overnight repo rates will remain at 7.00% - 8.00%.
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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 8.90 5.75 8.90 6.89
1-Week 7.75 7.90 7.90 8.00 7.89
2-Week 7.60 7.80 7.90 8.20 7.88
1-Month 7.75 8.00 8.00 8.20 7.99
2-Months 7.80 8.10 8.00 8.25 8.04
3-Months 7.80 8.10 8.00 8.25 8.04
4-Months 7.90 8.10 8.20 8.40 8.15
5-Months 8.00 8.20 8.25 8.40 8.21
6-Months 8.10 8.25 8.30 8.50 8.29
9-Months 8.25 8.50 8.40 8.70 8.46
1-Year 8.45 8.65 8.80 8.85 8.69
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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 8.90 6.25 9.00 7.29
1-Week 8.00 8.20 8.25 8.50 8.24
2-Week 8.10 8.25 8.30 8.50 8.29
1-Month 8.20 8.75 8.40 9.00 8.59
2-Months 8.25 8.75 8.30 9.00 8.58
3-Months 8.25 9.00 8.60 9.25 8.78
4-Months 8.25 9.00 8.50 9.25 8.75
5-Months 8.30 9.00 8.75 9.25 8.83
6-Months 8.50 9.25 8.75 9.50 9.00
9-Months 8.75 9.40 9.20 9.60 9.24
1-Year 9 00 9.50 9.60 9.75 9.46
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PIB Secondary Market Data
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Maturity Yield Range
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0.1-0.5 Years 8.25 8.40
0.6-1.0 Years 8.50 8.70
1.1-1.5 Years 8.80 8.95
1.6-2.0 Years 8.90 9.05
2.1-2.5 Years 8.90 9.00
2.6-3.0 Years 8.95 9.10
3.1-3.5 Years 9.00 9.10
3.6-4.0 Years 9.05 9.15
4.1-4.5 Years 9.05 9.15
4.6-5.0 Years 9.10 9.20
5.1-5.5 Years 9.20 9.25
5.6-6.0 Years 9.25 9.30
6.1-6.5 Years 9.30 9.40
6.6-7.0 Years 9.35 9.45
7.1-7.5 Years 9.35 9.45
7.6-8.0 Years 9.35 9.50
8.1-8.5 Years 9.35 9.50
8.6-9.0 Years 9.00 9.15
15 Years 10.75 11.50
20 Years 11.75 12.50
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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 8.50 8.65
1.1-1.5 Years 8.80 8.90
1.6-2.0 Years 9.00 9.15
2.1-2.5 Years 9.00 9.10
2.6-3.0 Years 9.05 9.20
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 9.00 9.50
3 Months 9.25 9.50
6 Months 9.75 10.25
12 Months 10.00 10.50
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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 8.00-8.50
8-15 Days 8.00-8.25
16-30 Days 7.90-8.10
31-60 Days 7.90-8.10
61-90 Days 7.95-8.05
91-120 Days 8.00-8.15
121-180 Days 8.05-8.20
181-270 Days 8.50-8.70
271-365 Days 8.70-8.80
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Kerb Market FX Rate
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Currency Bid Offer
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USD 60.07 60.12
EUR 74.35 74.45
GBP 109.85 109.95
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