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Print 2006-08-19
Money Market Report
Money market report by Khadim Ali Shah Bukhari & Co on Friday (August 18, 2006).
Money market report by Khadim Ali Shah Bukhari & Co on Friday (August 18, 2006).
DAILY MONEY MARKET COMMENTS: The money market rates initiated at the levels of 9.25% - 9.40%. SBP conducted 2 way OMO for one day and mopped up PKR 500 mln @ 9.00% and injected PKR 12 bln @ 9.20%. As the day progressed most of the trades were seen at the level of 9.25%-9.40%. The overnight rates in call and clean were seen within the vicinity of 10.00 - 10.75%. The market closed at the level of 9.25% - 9.40%.
As for Saturday it is expected that money market would remain within the band of 8.75% - 9.25%.
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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 9.40 9.00 9.40 9.08
1-Week 8.25 8.50 8.60 8.75 8.53
2-Weeks 8.40 8.60 8.50 8.75 8.56
1-Month 8.50 8.60 8.55 8.80 8.61
2-Months 8.50 8.65 8.75 8.90 8.70
3-Months 8.50 8.75 8.85 9.00 8.78
4-Months 8.55 8.85 8.75 9.00 8.79
5-Months 8.60 9.00 8.80 9.10 8.88
6-Months 8.70 9.00 8.90 9.25 8.96
9-Months 8.80 9.00 9.00 9.25 9.01
1-Year 8.85 9.25 9.10 9.40 9.15
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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 9.40 10.00 9.50 10.25 9.79
1-Week 9.25 9.75 9.50 10.00 9.63
2-Weeks 9.30 9.75 9.60 10.00 9.66
1-Month 9.50 9.75 9.75 10.25 9.81
2-Months 9.60 9.80 9.90 10.25 9.89
3-Months 9.65 10.00 10.20 10.50 10.09
4-Months 9.70 10.00 10.25 10.50 10.11
5-Months 9.75 10.25 10.30 10.75 10.26
6-Months 9.75 10.25 10.35 10.75 10.28
9-Months 10.00 10.30 10.50 11.00 10.45
1-Year 10.20 10.50 11.00 11.25 10.74
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PIB Secondary Market Data
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Maturity Yield Range
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0.1-0.5 Years 8.85 8.90
0.6-1.0 Years 8.95 9.05
1.1-1.5 Years 9.10 9.25
1.6-2.0 Years 9.35 9.40
2.1-2.5 Years 9.25 9.35
2.6-3.0 Years 9.30 9.45
3.1-3.5 Years 9.45 9.60
3.6-4.0 Years 9.60 9.70
4.1-4.5 Years 9.65 9.75
4.6-5.0 Years 9.70 9.85
5.1-5.5 Years 9.75 9.85
5.6-6.0 Years 9.80 9.90
6.1-6.5 Years 9.85 10.00
6.6-7.0 Years 9.95 10.05
7.1-7.5 Years 10.00 10.10
7.6-8.0 Years 10.00 10.20
8.1-8.5 Years 10.10 10.25
9.5-10.0 Years 10.20 10.40
15 Years 11.00 11.25
20 Years 11.25 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 8.60 8.70
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 9.25 9.35
3.1-3.5 Years 9.20 9.40
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Clean Deposit Market
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Tenor Range (% p a)
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1 Month 10.00 10.75
3 Months 10.50 11.00
6 Months 10.75 11.50
12 Months 11.00 12.00
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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 9.00-9.30
8-15 Days 8.90-9.25
16-30 Days 8.65-8.85
31-60 Days 8.70-8.80
61-90 Days 8.70-8.80
91-120 Days 8.75-8.85
121-180 Days 8.80-8.95
181-270 Days 8.85-9.00
271-365 Days 8.95-9.05
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Kerb Market FX Rate
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Currency Bid Offer
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USD 60.20 60.40
EUR 77.25 77.35
GBP 113.50 113.60
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