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Print 2006-05-25
Money Market Report
Money market report by Khadim Ali Shah Bukhari & Co on Wednesday (May 24, 2006).
Money market report by Khadim Ali Shah Bukhari & Co on Wednesday (May 24, 2006).
DAILY MONEY MARKET COMMENTS: The overnight interbank money market initiated within the range of 8.25% - 8.50% but fluctuation was seen throughout the day and most of the trades were witnessed in the band of 8.00% to 8.35%. Money market rates sattled at the levels of 8.00% - 8.25% and closed at the same level.
SBP conducted an auction for the sale of 3, 6 & 12 months Treasury bills and accepted PKR 100 million @ 8.10% in 3 months, PKR 100 million @ 8.2889% in 6 months and PKR 1 billion @ 8.7907% in 12 months against the total participation of PKR 2.2 billion.
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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 7.75 8.50 8.00 8.60 8.21
1-Week 8.70 8.80 8.80 8.90 8.80
2-Weeks 8.75 8.85 8.90 8.95 8.86
1-Month 8.65 8.85 8.75 8.90 8.79
2-Months 8.65 8.75 8.75 8.80 8.74
3-Months 8.65 8.80 8.70 8.85 8.75
4-Months 8.65 8.75 8.75 8.80 8.74
5-Months 8.65 8.75 8.75 8.80 8.74
6-Months 8.65 8.75 8.80 8.85 8.76
9-Months 8.70 8.80 8.80 8.90 8.80
1-Year 8.75 8.80 8.85 8.90 8.83
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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 8.25 9.00 8.50 9.10 8.71
1-Week 8.90 9.15 9.10 9.30 9.11
2-Weeks 8.90 9.20 9.00 9.30 9.10
1-Month 9.00 9.25 9.25 9.50 9.25
2-Months 9.00 9.50 9.25 9.60 9.34
3-Months 9.25 9.60 9.50 9.75 9.53
4-Months 9.30 9.50 9.50 9.75 9.51
5-Months 9.35 9.60 9.50 9.80 9.56
6-Months 9.35 9.60 9.55 9.80 9.58
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 9.20 9.30
2.1-2.5 Years 9.20 9.30
2.6-3.0 Years 9.31 9.35
3.1-3.5 Years 9.35 9.45
3.6-4.0 Years 9.45 9.50
4.1-4.5 Years 9.45 9.50
4.6-5.0 Years 9.55 9.60
5.1-5.5 Years 9.55 9.60
5.6-6.0 Years 9.55 9.65
6.1-6.5 Years 9.60 9.65
6.6-7.0 Years 9.65 9.70
7.1-7.5 Years 9.65 9.70
7.6-8.0 Years 9.70 9.75
8.1-8.5 Years 9.70 9.75
9.5-10.0 Years 9.75 9.85
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 9.20 9.30
2.1-2.5 Years 9.20 9.30
2.6-3.0 Years 9.31 9.35
3.1-3.5 Years 9.35 9.45
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Clean Deposit Market
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Tenor Range (% p a)
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1 Month 9.50 9.75
3 Months 9.90 10.25
6 Months 10.50 11.25
12 Months 11.00 11.75
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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 9.00-9.40
8-15 Days 9.00-9.25
16-30 Days 8.85-9.00
31-60 Days 8.70-8.85
61-90 Days 8.70-8.85
91-120 Days 8.75-8.80
121-180 Days 8.75-8.80
181-270 Days 8.75-8.80
271-365 Days 8.80-8.85
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Kerb Market FX Rate
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Currency Bid Offer
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USD 60.45 60.55
EUR 77.00 77.40
GBP 113.00 113.40
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