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Print 2007-04-17
Money Market Report
Money market report by Khadim Ali Shah Bukhari & Co on Monday (April 16, 2007).
Money market report by Khadim Ali Shah Bukhari & Co on Monday (April 16, 2007).
DAILY MONEY MARKET COMMENTS: Money market initiated at the level of 8.00% - 8.50%. As the day progressed market remained within the band of 8.00% - 9.00%. In Call and Clean market, major trades were seen between the level of 8.50% - 9.00%. Money market closed within the level of 8.50% - 8.75%. SBP conducted one week OMO and mopped up PKR 21.9 billion @ 8.50% against the total participation of PKR 25.9 billion.
For Monday it is expected that money market would remain within the band of 8.50% - 9.00%.
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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 8.75 8.00 9.00 8.38
1-Week 8.40 8.60 8.50 8.75 8.56
2-Weeks 8.60 8.70 8.70 8.80 8.70
1-Month 8.65 8.75 8.70 8.85 8.74
2-Months 8.70 8.85 8.80 8.95 8.83
3-Months 8.75 8.95 8.80 9.00 8.88
4-Months 8.80 8.90 8.85 9.00 8.89
5-Months 8.80 9.00 8.90 9.10 8.95
6-Months 8.85 9.00 8.90 9.15 8.98
9-Months 8.85 9.10 9.00 9.20 9.04
1-Year 8.90 9.10 9.10 9.25 9.09
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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 8.40 9.25 10.05
1-Week 8.90 9.10 9.00 9.25 9.75
2-Weeks 9.00 9.25 9.25 9.50 10.01
1-Month 9.00 9.50 9.25 9.75 10.38
2-Months 9.25 10.00 9.60 10.25 10.62
3-Months 9.50 10.00 9.75 10.25 10.77
4-Months 9.75 10.25 10.00 10.50 10.98
5-Months 10.00 10.50 10.25 10.75 11.19
6-Months 10.25 10.50 10.50 10.75 11.43
9-Months 10.25 10.75 10.75 11.25 10.75
1-Year 10.50 11.00 10.75 11.25 10.88
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PIB Secondary Market Data
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Maturity Yield Range
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0.1-0.5 Years 9.00 9.15
0.6-1.0 Years 9.00 9.20
1.1-1.5 Years 9.10 9.25
1.6-2.0 Years 9.25 9.30
2.1-2.5 Years 9.25 9.30
2.6-3.0 Years 9.30 9.35
3.1-3.5 Years 9.50 9.60
3.6-4.0 Years 9.60 9.70
4.1-4.5 Years 9.70 9.80
4.6-5.0 Years 9.80 9.90
5.1-5.5 Years 9.80 9.90
5.6-6.0 Years 9.85 9.95
6.1-6.5 Years 9.85 9.95
6.6-7.0 Years 9.90 10.00
7.1-7.5 Years 9.90 10.00
8.6-9.0 Years 10.00 10.05
9.1-9.5 Years 10.00 10.05
9.5-10.0 Years 10.05 10.10
15 Years 10.60 10.90
20 Years 11.30 11.60
30 Years 11.40 11.90
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FIB Secondary Market Data
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Maturity Yield Range
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0.1-0.5 Years 9.00 9.15
0.6-1.0 Years 9.00 9.20
1.1-1.5 Years 9.10 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 10.00 10.25
6 Months 10.50 11.00
12 Months 11.00 11.50
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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 8.90-9.25
16-30 Days 8.90-9.10
31-60 Days 8.75-9.00
61-90 Days 8.65-8.75
91-120 Days 8.75-8.80
121-180 Days 8.75-8.85
181-270 Days 8.85-8.95
271-365 Days 8.95-9.00
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Kerb Market FX Rate
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Currency Bid Offer
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USD 60.77 60.88
EUR 81.95 82.05
GBP 120.40 120.50
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