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Print 2008-07-13
Money Market Report
Money market report by Khadim Ali Shah Bukhari & Co on Saturday (July 12, 2008).
Money market report by Khadim Ali Shah Bukhari & Co on Saturday (July 12, 2008).
DAILY MONEY MARKET COMMENTS: Money market initiated at the level of 8.50% - 9.50%. In Clean, trading levels varied between 11.50% - 12.50% and in Call most of the deals were done within the range of 11.00% -12.00%. Money Market closed at the level of 11.75% - 11.90%. SBP announced 5 days OMO and mopped up PKR 8.0 bln @ 9.95% against the total participation of PKR 8.50 bln.
For Monday it is expected that money market would trade at the level of 9.75% - 10.25%
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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 11.00 9.25 11.25 10.00
1-Week 9.75 10.00 10.00 10.25 10.00
2-Week 10.00 10.25 10.25 10.40 10.23
1-Month 10.30 10.50 10.50 10.60 10.48
2-Months 11.30 11.40 11.40 11.50 11.40
3-Months 11.45 11.50 11.50 11.60 11.51
4-Months 11.45 11.50 11.50 11.65 11.53
5-Months 11.45 11.55 11.55 11.65 11.55
6-Months 11.50 11.65 11.60 11.70 11.61
9-Months 11.50 11.65 11.60 11.70 11.61
1-Year 11.55 11.70 11.65 11.80 11.68
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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 11.00 12.50 11.50 13.00 12.00
1-Week 11.00 12.50 11.50 13.00 12.00
2-Week 11.50 13.00 12.00 13.50 12.50
1-Month 12.00 13.50 13.00 14.00 13.13
2-Months 12.00 14.00 13.00 14.50 13.38
3-Months 12.50 14.50 13.50 15.00 13.88
4-Months 13.00 14.50 14.00 15.00 14.13
5-Months 13.50 14.50 14.00 15.50 14.38
6-Months 14.00 14.75 14.50 15.50 14.69
9-Months 14.25 15.00 14.75 16.00 15.00
1-Year 14.50 15.50 15.00 16.00 15.25
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PIB Secondary Market Data
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Maturity Yield Range
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0.1-0.5 Year 11.60 11.80
0.6-1.0 Year 11.75 11.90
1.1-1.5 Year 12.50 12.75
1.6-2.0 Year 12.90 13.00
2.1-2.5 Year 12.90 13.10
2.6-3.0 Year 12.90 13.10
3.1-3.5 Year 13.00 13.15
3.6-4.0 Year 13.00 13.20
4.1-4.5 Year 13.00 13.25
4.6-5.0 Year 13.10 13.35
5.1-5.5 Year 13.20 13.40
5.6-6.0 Year 13.20 13.40
6.1-6.5 Year 13.30 13.50
6.6-7.0 Year 13.30 13.45
7.1-7.5 Year 13.35 13.45
7.6-8.0 Year 13.40 13.50
8.1-8.5 Year 13.60 13.70
8.6-9.0 Year 13.70 13.80
9.1-9.5 Year 13.80 14.00
9.5-10.0 Years 13.75 13.90
15 Years 14.10 14.30
20 Years 14.30 14.50
30 Years 14.50 14.60
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Clean Deposit Market
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Tenor Range (% p a)
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1 Month 13.00 14.00
3 Months 14.00 15.00
6 Months 14.50 16.50
12 Months 15.00 17.00
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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 10.25-10.75
8-15 Days 10.50-11.00
16-30 Days 11.20-11.40
31-60 Days 11.20-11.35
61-90 Days 11.45-11.55
91-120 Days 11.50-11.60
121-180 Days 11.50-11.65
181-270 Days 11.60-11.70
271-365 Days 11.70-11.75
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Kerb Market FX Rate
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Currency Bid Offer
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USD 70.00 70.50
EUR 110.201 11.20
GBP 137.60 138.60
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