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Print 2008-05-09
Money Market Report
Money market report by Khadim Ali Shah Bukhari & Co on Thursday (May 08, 2008).
Money market report by Khadim Ali Shah Bukhari & Co on Thursday (May 08, 2008).
DAILY MONEY MARKET COMMENTS: Money market initiated at the top level of 8.25% - 8.75%. In Clean, the trading levels varied between 9.50% - 10.25% and in Call most of the deals were done with in the range of 9.75% - 10.75%. Money market closed at the level of 8.50% - 8.75%. SBP announced 2 days OMO and mopped up PKR 9.7 billion @ 9.09% against the total participation of PKR 10.2 billion.
For Friday it is expected that money market would trade at the level of 8.00% - 8.50%.
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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 10.40 8.65 10.40 9.49
1-Week 8.75 9.25 9.00 9.50 9.13
2-Weeks 9.10 9.30 9.25 9.60 9.31
1-Month 9.25 9.50 9.40 9.70 9.46
2-Months 9.50 9.80 9.70 9.90 9.73
3-Months 9.65 9.90 9.80 10.00 9.84
4-Months 9.75 10.00 9.90 10.10 9.94
5-Months 9.85 10.10 10.00 10.20 10.04
6-Months 9.85 10.10 10.00 10.20 10.04
9-Months 9.90 10.10 10.10 10.25 10.09
1-Year 10.00 10.25 10.20 10.40 10.21
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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 9.00 10.50 9.25 11.00 9.94
1-Week 9.25 9.50 9.50 9.75 9.50
2-Weeks 9.50 9.75 9.75 10.00 9.75
1-Month 9.50 10.00 10.00 10.25 9.94
2-Months 9.90 10.25 10.10 10.40 10.16
3-Months 10.00 10.25 10.25 10.40 10.23
4-Months 10.00 10.40 10.25 10.60 10.31
5-Months 10.25 10.75 10.40 11.00 10.60
6-Months 10.25 11.00 10.50 11.25 10.75
9-Months 10.40 11.00 10.60 11.25 10.81
1-Year 10.50 11.00 10.75 11.50 10.94
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PIB Secondary Market Data
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Maturity Yield Range
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0.1-0.5 Years 10.00 10.20
0.6-1.0 Years 10.25 10.30
1.1-1.5 Years 10.25 10.35
1.6-2.0 Years 10.30 10.40
2.1-2.5 Years 10.35 10.45
2.6-3.0 Years 10.60 10.70
3.1-3.5 Years 10.60 10.70
3.6-4.0 Years 10.65 10.75
4.1-4.5 Years 10.70 10.75
4.6-5.0 Years 10.80 10.85
5.1-5.5 Years 10.80 10.85
5.6-6.0 Years 10.85 10.90
6.1-6.5 Years 10.90 10.95
6.6-7.0 Years 10.95 11.00
7.1-7.5 Years 11.10 11.15
7.6-8.0 Years 11.25 11.30
8.1-8.5 Years 11.30 11.40
8.6-9.0 Years 11.40 10.45
9.1-9.5 Years 11.45 11.55
9.5-10.0 Years 11.50 11.60
15 Years 11.90 12.10
20 Years 12.00 12.10
30 Years 12.30 12.40
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Clean Deposit Market
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Tenor Range (% p a)
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1 Month 9.75 10.25
3 Months 10.20 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 9.75-10.00
8-15 Days 9.50-10.00
16-30 Days 9.60-9.70
31-60 Days 9.60-9.65
61-90 Days 9.70-9.80
91-120 Days 9.75-9.85
121-180 Days 9.90-10.00
181-270 Days 10.05-10.15
271-365 Days 10.15-10.20
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Kerb Market FX Rate
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Currency Bid Offer
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USD 67.50 67.60
EUR 103.25 103.45
GBP 131.50 131.70
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