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Print Print 2006-03-08

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Tuesday (March 07, 2006).
Published March 8, 2006

Money market report by Khadim Ali Shah Bukhari & Co on Tuesday (March 07, 2006).
DAILY MONEY MARKET COMMENTS: Today money market rates initiated at the level of 8.25% - 8.75%. However, in clean & call placements the overnight interest rates were at 9.25% - 9.75%. Today money market closed at the level of 8.50% - 8.75%.
Keeping in view today's interbank market we believe that on Wednesday overnight repo rates would remain at the level of 8.40% - 8.75%.



=================================================================
Repo Rates (Yield p a)
-----------------------------------------------------------------
Tenor Low Bid High Bid Low Offer High Offer Average
=================================================================
Overnight 8.25 8.80 8.60 8.90 8.64
1-Week 8.10 8.40 8.30 8.60 8.35
2-Week 7.90 8.10 8.00 8.25 8.06
1-Month 8.10 8.35 8.20 8.45 8.28
2-Months 8.15 8.40 8.25 8.50 8.33
3-Months 8.20 8.40 8.30 8.50 8.35
4-Months 8.25 8.50 8.40 8.60 8.44
5-Months 8.35 8.55 8.45 8.70 8.51
6-Months 8.40 8.60 8.50 8.75 8.56
9-Months 8.40 8.70 8.60 8.75 8.61
1-Year 8.50 8.75 8.65 8.90 8.70
=================================================================
Call Rates (Yield p a)
-----------------------------------------------------------------
Tenor Low Bid High Bid Low Offer High Offer Average
=================================================================
Overnight 8.75 9.25 8.90 9.35 9.06
1-Week 8.25 8.75 8.75 9.00 8.69
2-Week 8.25 8.75 8.70 9.00 8.68
1-Month 8.75 9.60 9.00 9.70 9.26
2-Months 8.75 9.65 9.15 9.75 9.33
3-Months 8.85 9.70 9.25 9.85 9.41
4-Months 8.90 9.75 9.25 9.80 9.43
5-Months 8.90 9.75 9.30 9.90 9.46
6-Months 9.25 9.90 9.50 10.25 9.73
9-Months 9.40 10.00 9.75 10.25 9.85
1-Year 9.50 10.00 9.75 10.25 9.88
=================================================================
=================================
PIB Secondary Market Data
---------------------------------
Maturity Yield Range
=================================
0.1-0.5 Years 8.45 8.60
0.6-1.0 Years 8.75 8.85
1.1-1.5 Years 8.90 9.05
1.6-2.0 Years 9.00 9.10
2.1-2.5 Years 9.05 9.15
2.6-3.0 Years 9.10 9.20
3.1-3.5 Years 9.15 9.25
3.6-4.0 Years 9.15 9.30
4.1-4.5 Years 9.15 9.25
4.6-5.0 Years 9.20 9.30
5.1-5.5 Years 9.25 9.30
5.6-6.0 Years 9.25 9.35
6.1-6.5 Years 9.25 9.40
6.6-7.0 Years 9.30 9.40
7.1-7.5 Years 9.30 9.45
7.6-8.0 Years 9.40 9.55
8.1-8.5 Years 9.35 9.50
8.6-9.0 Years 9.30 9.40
15 Years 10.50 10.75
20 Years 11.00 11.50
=================================
FIB Secondary Market Data
---------------------------------
Maturity Yield Range
=================================
0.1-0.5 Years 8.10 8.30
0.6-1.0 Years 8.40 8.75
1.1-1.5 Years 8.80 8.90
1.6-2.0 Years 9.10 9.20
2.1-2.5 Years 9.15 9.25
2.6-3.0 Year 9.20 9.30
3.1-3.5 Years 9.25 9.35
=================================
Clean Deposit Market
---------------------------------
Tenor Range (% p a)
=================================
1 Month 9.50 9.75
3 Months 9.75 10.00
6 Months 10.00 10.50
12 Months 10.25 11.00
=================================
T-Bill Secondary Market Data
=================================
3 Months, 6 Months &
12 Months Instruments
=================================
Days to Maturity Yield Range %
=================================
0-7 Days 8.35-8.70
8-15 Days 8.25-8.50
16-30 Days 8.00-8.15
31-60 Days 8.10-8.25
61-90 Days 8.15-8.30
91-120 Days 8.35-8.45
121-180 Days 8.40-8.60
181-270 Days 8.65-8.75
271-365 Days 8.75-8.80
=================================
Kerb Market FX Rate
---------------------------------
Currency Bid Offer
---------------------------------
USD 60.00 60.05
EUR 71.20 71.90
GBP 104.70 104.90
=================================

Copyright Business Recorder, 2006

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