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Print 2007-06-17
Money Market Report
Money market report by Khadim Ali Shah Bukhari & Co on Saturday (June 16, 2007).
Money market report by Khadim Ali Shah Bukhari & Co on Saturday (June 16, 2007).
DAILY MONEY MARKET COMMENTS: Money market initiated at the level of 6.00% - 7.00%. As the day progressed most of the repo trades were seen at the level of 6.50% - 7.50% but at the closing time market touches the peak level of 9.40%.
SBP announced five days OMO and forty-eight days outright and mopped up PKR 12.7 billion @ 8.50% and rejected the outright. In Call and Clean, major trades were seen between the level of 5.00% - 6.00%.
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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 6.00 9.40 6.50 9.40 7.83
1-Week 8.25 8.60 8.50 8.75 8.53
2-Weeks 8.50 8.90 8.75 9.00 8.79
1-Month 8.60 8.75 8.80 9.00 8.79
2-Months 8.75 8.90 8.85 9.00 8.88
3-Months 8.75 8.95 8.85 9.05 8.90
4-Months 8.80 9.00 8.90 9.05 8.94
5-Months 8.85 9.00 8.95 9.10 8.98
6-Months 8.85 9.05 8.95 9.10 8.99
9-Months 8.90 9.10 9.05 9.20 9.06
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 6.50 9.40 6.75 9.45 8.03
1-Week 8.50 9.00 8.75 9.25 8.88
2-Weeks 8.75 9.25 9.00 9.40 9.10
1-Month 9.10 9.40 9.25 9.50 9.31
2-Months 9.25 9.50 9.40 9.60 9.44
3-Months 9.25 9.60 9.40 9.70 9.49
4-Months 9.40 9.75 9.65 9.90 9.68
5-Months 9.50 9.75 9.75 10.00 9.75
6-Months 9.75 10.00 10.00 10.25 10.00
9-Months 10.00 10.25 10.25 10.50 10.25
1-Year 10.00 10.50 10.25 10.75 10.38
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PIB Secondary Market Data
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Maturity Yield Range
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0.1-0.5 Years 9.10 9.20
0.6-1.0 Years 9.15 9.25
1.1-1.5 Years 9.25 9.30
1.6-2.0 Years 9.30 9.35
2.1-2.5 Years 9.40 9.45
2.6-3.0 Years 9.40 9.45
3.1-3.5 Years 9.55 9.60
3.6-4.0 Years 9.55 9.60
4.1-4.5 Years 9.60 9.65
4.6-5.0 Years 9.70 9.75
5.1-5.5 Years 9.75 9.85
5.6-6.0 Years 9.90 9.95
6.1-6.5 Years 9.95 10.00
6.6-7.0 Years 9.95 10.05
7.1-7.5 Years 9.95 10.05
7.6-8.0 Years 10.05 10.10
8.1-8.5 Years 10.05 10.10
8.6-9.0 Years 10.10 10.14
15 Years 10.90 11.00
20 Years 11.20 11.50
30 Years 11.50 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 9.10 9.20
0.6-1.0 Years 9.15 9.25
1.1-1.5 Years 9.25 9.30
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Clean Deposit Market
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Tenor Range (% p a)
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1 Month 9.30 9.60
3 Months 9.60 9.90
6 Months 9.75 10.25
12 Months 10.50 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 9.40-9.60
8-15 Days 9.25-9.50
16-30 Days 9.00-9.25
31-60 Days 9.80-9.00
61-90 Days 8.75-8.85
91-120 Days 8.80-8.90
121-180 Days 8.95-9.00
181-270 Days 9.05-9.10
271-365 Days 9.10-9.13
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Kerb Market FX Rate
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Currency Bid Offer
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USD 60.97 61.02
EUR 81.30 81.40
GBP 120.30 120.40
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