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Print 2006-04-09
Money Market Report
Money market report by Khadim Ali Shah Bukhari & Co on Saturday (April 08, 2006).
Money market report by Khadim Ali Shah Bukhari & Co on Saturday (April 08, 2006).
DAILY MONEY MARKET COMMENTS: The money market overnight rates initiated within the band of 8.75% - 8.90%. However, most of the trades were seen in the vicinity of 8.50% - 8.90%. Finally, at closing time overnight rates remained within the band of 8.75%. SBP announced an OMO for week and injected PKR 6.5 billion @ 8.42% against the total participation of PKR 21.05 billion.
Keeping an eye on today's interbank market we assume that on Monday the overnight repo rates would revolve around 8.75% - 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 8.50 8.90 8.65 8.90 8.74
1-Week 8.40 8.60 8.50 8.70 8.55
2-Week 8.35 8.50 8.50 8.65 8.50
1-Month 8.40 8.60 8.50 8.65 8.54
2-Months 8.35 8.50 8.45 8.65 8.49
3-Months 8.35 8.55 8.50 8.70 8.53
4-Months 8.35 8.60 8.50 8.70 8.54
5-Months 8.40 8.60 8.55 8.70 8.56
6-Months 8.50 8.65 8.65 8.75 8.64
9-Months 8.55 8.70 8.70 8.80 8.69
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 8.60 9.25 8.75 9.50 9.03
1-Week 8.75 9.25 9.00 9.40 9.10
2-Week 9.75 9.25 9.00 9.50 9.38
1-Month 8.90 9.25 9.10 9.50 9.19
2-Months 8.75 9.40 9.10 9.50 9.19
3-Months 8.90 9.40 9.10 9.60 9.25
4-Months 9.00 9.50 9.25 9.75 9.38
5-Months 9.10 9.60 9.35 9.80 9.46
6-Months 9.25 9.60 9.35 9.80 9.50
9-Months 9.50 10.00 9.80 10.25 9.89
1-Year 9.60 10.00 9.80 10.25 9.91
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PIB Secondary Market Data
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Maturity Yield Range
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0.1-0.5 Years 8.40 8.50
0.6-1.0 Years 8.80 8.90
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 9.25
4.1-4.5 Years 9.20 9.30
4.6-5.0 Years 9.20 9.30
5.1-5.5 Years 9.25 9.35
5.6-6.0 Years 9.30 9.40
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 9.40
7.6-8.0 Years 9.35 9.45
8.1-8.5 Years 9.40 9.55
8.6-9.0 Years 9.40 9.60
15 Years 10.75 11.00
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 8.40 8.50
0.6-1.0 Years 8.80 8.90
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
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Clean Deposit Market
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Tenor Range (% p a)
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1 Month 9.25 9.75
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 8.50-8.80
8-15 Days 8.50-8.70
16-30 Days 8.40-8.50
31-60 Days 8.30-8.40
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 60.10 60.20
EUR 72.45 72.60
GBP 104.20 104.50
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