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Print 2006-03-25
Money Market Report
Money market report by Khadim Ali Shah Bukhari & Co on Friday (March 24, 2006).
Money market report by Khadim Ali Shah Bukhari & Co on Friday (March 24, 2006).
DAILY MONEY MARKET COMMENTS: Today money market rates initiated at the level of 8.75% - 8.90%. However, in call & clean placements the overnight interest rates were at 9.25% - 9.40%. Today money market closed at the level of 8.90%. SBP reported a discounting of Rs 15.7 billion.
Keeping in view today's interbank market we believe that if SBP doesn't conduct OMO on Saturday then the overnight repo rates would remain at the level of 8.90%.
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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 8.75 8.90 8.90 8.95 8.88
1-Week 8.35 8.50 8.60 8.75 8.55
2-Week 8.30 8.50 8.55 8.65 8.50
1-Month 8.20 8.40 8.30 8.45 8.34
2-Months 8.25 8.35 8.30 8.50 8.35
3-Months 8.25 8.40 8.35 8.55 8.39
4-Months 8.25 8.40 8.40 8.60 8.41
5-Months 8.30 8.50 8.45 8.60 8.46
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 8.60 8.80 8.75 8.90 8.76
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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 9.00 9.25 9.25 9.50 9.25
1-Week 8.50 9.25 8.75 9.50 9.00
2-Week 8.60 9.25 8.75 9.50 9.03
1-Month 8.60 9.25 8.75 9.50 9.03
2-Months 8.65 9.40 9.00 9.60 9.16
3-Months 8.75 9.50 9.00 9.60 9.21
4-Months 8.75 9.60 9.15 9.75 9.31
5-Months 8.90 9.70 9.25 9.80 9.41
6-Months 9.00 9.70 9.25 9.90 9.46
9-Months 9.40 10.00 9.75 10.25 9.85
1-Year 9.50 10.00 9.75 10.25 9.88
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PIB Secondary Market Data
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Maturity Yield Range
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0.1-0.5 Years 8.45 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
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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 8.45 8.80
1.1-1.5 Years 9.00 9.20
1.6-2.0 Years 9.10 9.25
2.1-2.5 Years 9.15 9.25
2.6-3.0 Years 9.20 9.30
3.1-3.5 Years 9.25 9.35
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Clean Deposit Market
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Tenor Range (% p a)
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1 Month 9.10 9.40
3 Months 9.75 10.00
6 Months 10.00 10.50
12 Months 10.25 11.00
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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 8.35-8.70
8-15 Days 8.25-8.50
16-30 Days 8.00-8.15
31-60 Days 8.20-8.40
61-90 Days 8.30-8.40
91-120 Days 8.35-8.45
121-180 Days 8.35-8.50
181-270 Days 8.65-8.75
271-365 Days 8.75-8.78
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Kerb Market FX Rate
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Currency Bid Offer
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USD 60.30 60.40
EUR 71.90 72.20
GBP 104.25 104.60
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