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Print 2007-05-22
Money Market Report
Money market report by Khadim Ali Shah Bukhari & Co on Monday (May 21, 2007).
Money market report by Khadim Ali Shah Bukhari & Co on Monday (May 21, 2007).
DAILY MONEY MARKET COMMENTS: Money market initiated at the level of 9.40% - 9.45%. and remained same at this level throughout the day with SBP reported a discounting of Rs 5.3 billion. In Call and Clean market, major trades were seen between the level of 9.60% - 9.75%. SBP has given the pre-auction target of Treasury Bill Rs 8.0 billion.
For Tuesday it is expected that money market would remain at the level of 9.40%.
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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 9.40 9.45 9.40 9.45 9.43
1-Week 9.15 9.30 9.25 9.40 9.28
2-Weeks 8.95 9.20 9.15 9.30 9.15
1-Month 8.95 9.10 9.05 9.20 9.08
2-Months 8.85 9.00 8.90 9.05 8.95
3-Months 8.85 9.00 8.90 9.05 8.95
4-Months 8.85 9.00 8.95 9.10 8.98
5-Months 8.90 9.00 9.00 9.15 9.01
6-Months 8.90 9.05 9.00 9.15 9.03
9-Months 8.90 9.10 9.05 9.25 9.08
1-Year 8.90 9.15 9.10 9.25 9.10
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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 9.50 9.75 9.50 9.90 9.69
1-Week 9.40 9.60 9.50 9.70 9.65
2-Weeks 9.40 9.60 9.45 9.70 9.54
1-Month 9.30 9.60 9.50 9.70 9.53
2-Months 9.40 9.60 9.50 9.75 9.56
3-Months 9.40 9.60 9.60 9.80 9.60
4-Months 9.50 9.75 9.75 10.00 9.75
5-Months 9.75 10.00 10.00 10.25 10.00
6-Months 9.75 10.25 10.00 10.50 10.13
9-Months 10.00 10.50 10.50 11.00 10.50
1-Year 10.25 10.75 10.50 11.00 10.63
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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
0.1-0.5 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 9.35 9.40
3.1-3.5 Years 9.45 9.50
3.6-4.0 Years 9.50 9.55
4.1-4.5 Years 9.55 9.60
4.6-5.0 Years 9.60 9.65
5.1-5.5 Years 9.70 9.80
5.6-6.0 Years 9.80 9.90
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
8.1-8.5 Years 10.00 10.05
8.6-9.0 Years 10.00 10.05
9.1-9.5 Years 10.10 10.13
15 Years 10.75 10.85
20 Years 11.10 11.40
30 Years 11.25 11.75
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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 9.50 9.75
3 Months 9.75 10.25
6 Months 10.00 10.25
12 Months 10.50 11.25
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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 9.25-9.50
8-15 Days 9.00-9.25
16-30 Days 9.00-9.25
31-60 Days 8.85-9.00
61-90 Days 8.75-8.85
91-120 Days 8.80-8.90
121-180 Days 8.85-8.90
181-270 Days 8.90-9.00
271-365 Days 8.98-9.05
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Kerb Market FX Rate
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Currency Bid Offer
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USD 60.83 60.85
EUR 81.90 82.00
GBP 119.70 119.80
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