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Print Print 2008-06-05

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Wednesday (June 04, 2008).
Published June 5, 2008

Money market report by Khadim Ali Shah Bukhari & Co on Wednesday (June 04, 2008).
DAILY MONEY MARKET COMMENTS: Money market initiated at the level of 11.50% -11.90%. In Clean, trading levels varied between 12.50% - 14.00% and in Call most of the deals were done within the range of 13.00% - 16.00%. Money Market was closed at the level of 11.90%. SBP reported a discounting of Rs 2.0 billion.
For Thursday it is expected that money market would trade at the level of 11.90%.



=================================================================
Repo Rates (Yield p a)
-----------------------------------------------------------------
Tenor Low Bid High Bid Low Offer High Offer Average
=================================================================
Overnight 10.50 11.90 11.00 11.95 11.34
1-Week 10.25 10.75 10.50 11.00 10.63
2-Week 10.50 11.00 10.75 11.25 10.88
1-Month 10.40 11.00 10.60 11.25 10.81
2-Months 10.75 11.25 11.00 11.50 11.13
3-Months 10.75 11.40 11.10 11.50 11.19
4-Months 10.90 11.50 11.25 11.65 11.33
5-Months 11.00 11.50 11.40 11.70 11.40
6-Months 11.25 11.50 11.50 11.75 11.50
9-Months 11.25 11.50 11.50 11.75 11.50
1-Year 11.25 11.50 11.60 11.80 11.54
=================================================================
Call Rates (Yield p a)
-----------------------------------------------------------------
Tenor Low Bid High Bid Low Offer High Offer Average
=================================================================
Overnight 12.50 15.00 13.00 16.00 14.13
1-Week 11.50 13.00 12.00 13.50 12.50
2-Week 11.00 13.00 11.50 13.50 12.25
1-Month 12.00 13.00 12.50 14.00 12.88
2-Months 12.50 14.50 13.50 15.00 13.88
3-Months 13.00 14.50 14.50 15.00 14.25
4-Months 13.50 14.75 14.00 15.50 14.44
5-Months 13.75 14.50 14.25 15.00 14.38
6-Months 14.00 14.50 14.50 15.00 14.50
9-Months 14.00 14.50 14.50 15.00 14.50
1-Year 14.25 14.75 14.75 15.25 14.75
=================================================================
================================
PIB Secondary Market Data
--------------------------------
Maturity Yield Range
================================
0.1-0.5 Years 11.25 11.40
0.6-1.0 Years 11.40 11.60
1.1-1.5 Years 11.50 11.60
1.6-2.0 Years 11.60 11.70
2.1-2.5 Years 11.70 11.80
2.6-3.0 Years 11.80 11.90
3.1-3.5 Years 11.90 12.00
3.6-4.0 Years 12.10 12.20
4.1-4.5 Years 12.15 12.25
4.6-5.0 Years 12.20 12.30
5.1-5.5 Years 12.20 12.35
5.6-6.0 Years 12.25 12.35
6.1-6.5 Years 12.25 12.35
6.6-7.0 Years 12.25 12.35
7.1-7.5 Years 12.30 12.40
7.6-8.0 Years 12.30 12.40
8.1-8.5 Years 12.35 12.50
8.6-9.0 Years 12.35 12.50
9.1-9.5 Years 12.40 12.60
9.5--10.0Years 12.40 12.60
15 Years 13.25 13.40
20 Years 13.40 13.60
30 Years 13.40 13.90
================================
Clean Deposit Market
--------------------------------
Tenor Range (% p a)
================================
1 Month 14.00 16.00
3 Months 14.50 16.50
6 Months 15.50 16.50
12 Months 16.00 17.00
================================
T-Bill Secondary Market Data
================================
3 Months, 6 Months &
12 Months Instruments
================================
Days to Maturity Yield Range %
================================
0-7 Days 10.75 11.25
8-15 Days 10.50 10.75
16-30 Days 10.50 10.75
31-60 Days 10.75 11.00
61-90 Days 11.20 11.30
91-120 Days 11.25 11.35
121-180 Days 11.25 11.40
181-270 Days 11.35 11.45
271-365 Days 11.45 11.50
================================
Kerb Market FX Rate
--------------------------------
Currency Bid Offer
--------------------------------
USD 68.10 68.50
EUR 104.75 105.15
GBP 132.80 133.20
================================

Copyright Business Recorder, 2008

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