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Print 2008-03-26
Money Market Report
Money market report by Khadim Ali Shah Bukhari & Co on Tuesday (March 25, 2008).
Money market report by Khadim Ali Shah Bukhari & Co on Tuesday (March 25, 2008).
DAILY MONEY MARKET COMMENTS: Money market initiated at the level of 10.40% - 10.45%. Market experienced heavy borrowing pressure throughout the day as SBP conducted 7 days OMO and injected Rs 22.5 billion in the market. In Clean, the trading levels varied between 10.50% - 11.00% and in Call most of the deals were done within the range of 10.50% - 11.00%.
For Wednesday it is expected that money market would trade at the top level of 9.25% - 10.00%.
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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 9.00 10.40 9.25 10.45 9.78
1-Week 9.90 10.25 10.10 10.40 10.16
2-Weeks 9.80 10.10 10.00 10.25 10.04
1-Month 9.75 9.90 9.80 10.00 9.86
2-Months 9.70 9.85 9.80 9.90 9.81
3-Months 9.70 9.90 9.85 10.00 9.86
4-Months 9.75 9.90 9.85 10.00 9.88
5-Months 9.75 9.90 9.85 10.00 9.88
6-Months 9.75 10.00 9.85 10.10 9.93
9-Months 9.75 10.00 9.90 10.20 9.96
1-Year 10.00 10.15 10.10 10.25 10.13
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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 10.75 9.75 11.00 10.25
1-Week 10.40 11.00 10.50 11.25 10.79
2-Weeks 10.40 10.75 10.50 11.00 10.66
1-Month 10.25 10.65 10.40 10.75 10.51
2-Months 10.00 10.40 10.25 10.60 10.31
3-Months 10.00 10.40 10.25 10.50 10.29
4-Months 10.00 10.50 10.25 10.75 10.38
5-Months 10.00 10.50 10.25 10.75 10.38
6-Months 10.15 10.60 10.40 10.75 10.48
9-Months 10.25 10.75 10.50 11.00 10.63
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 9.75 9.90
0.6-1.0 Years 10.15 10.25
1.1-1.5 Years 10.15 10.25
1.6-2.0 Years 10.20 10.30
2.1-2.5 Years 10.25 10.35
2.6-3.0 Years 10.30 10.40
3.1-3.5 Years 10.30 10.40
3.6-4.0 Years 10.35 10.45
4.1-4.5 Years 10.45 10.55
4.6-5.0 Years 10.50 10.60
5.1-5.5 Years 10.60 10.70
5.6-6.0 Years 10.65 10.75
6.1-6.5 Years 10.75 10.85
6.6-7.0 Years 10.75 10.85
7.1-7.5 Years 10.85 10.95
7.6-8.0 Years 11.10 11.20
8.1-8.5 Years 11.15 11.25
8.6-9.0 Years 11.25 11.35
9.1-9.5 Years 11.35 11.45
9.5-10.0 Years 11.35 11.45
15 Years 12.00 12.20
20 Years 12.25 12.35
30 Years 12.40 12.60
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Clean Deposit Market
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Tenor Range (% p a)
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1 Month 10.25 10.50
3 Months 10.10 10.50
6 Months 10.25 10.75
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 10.50-10.75
8-15 Days 10.25-10.50
16-30 Days 9.80-9.90
31-60 Days 9.75-9.85
61-90 Days 9.75-9.85
91-120 Days 9.85-9.95
121-180 Days 9.90-10.00
181-270 Days 10.00-10.10
271-365 Days 10.10-10.15
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Kerb Market FX Rate
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Currency Bid Offer
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USD 63.00 63.10
EUR 97.50 97.70
GBP 125.05 125.25
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