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Print Print 2008-11-18

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Monday (November 17, 2008).
Published November 18, 2008

Money market report by Khadim Ali Shah Bukhari & Co on Monday (November 17, 2008).
DAILY MONEY MARKET COMMENTS: Money market initiated at the level of 7.00% -8.00%. In Clean, trading levels varied between 10.00% - 13.00% and in Call most of the deals were done within the range of 5.00% - 12.00%. Money Market closed at the level of 1.00% - 1.50%.
For Tuesday it is expected that money market would trade at the level of 5.00% - 9.00%.



=================================================================
Repo Rates (Yield p a)
-----------------------------------------------------------------
Tenor Low Bid High Bid Low Offer High Offer Average
=================================================================
Overnight 1.00 7.00 1.50 8.00 4.38
1-Week 9.00 9.50 9.75 10.00 9.56
2-Week 10.00 10.75 10.75 11.25 10.69
1-Month 11.00 11.50 11.25 11.75 11.38
2-Months 12.75 13.00 13.00 13.25 13.00
3-Months 13.50 13.75 13.75 14.00 13.75
4-Months 13.50 13.75 13.75 14.00 13.75
5-Months 13.60 13.90 13.80 14.10 13.85
6-Months 13.60 14.00 14.00 14.25 13.96
9-Months 13.90 14.20 14.25 14.50 14.21
1-Year 14.00 14.25 14.30 14.55 14.28
=================================================================
Call Rates (Yield p a)
-----------------------------------------------------------------
Tenor Low Bid High Bid Low Offer High Offer Average
=================================================================
Overnight 4.00 12.00 5.00 13.00 8.50
1-Week 12.00 14.00 13.00 15.00 13.50
2-Week 14.00 15.00 14.50 15.50 14.75
1-Month 15.00 15.50 15.50 16.00 15.50
2-Months 15.25 15.75 15.50 16.00 15.63
3-Months 15.50 16.00 16.00 16.50 16.00
4-Months 15.50 16.00 16.00 16.50 16.00
5-Months 15.75 16.25 16.25 16.75 16.25
6-Months 16.00 16.50 16.50 16.75 16.44
9-Months 16.25 16.75 16.75 17.00 16.69
1-Year 16.50 17.00 17.00 17.50 17.00
=================================================================
================================
PIB Secondary Market Data
--------------------------------
Maturity Yield Range
================================
0.1-0.5 Years 13.50 14.00
0.6-1.0 Years 13.75 14.10
1.1-1.5 Years 14.20 14.40
1.6-2.0 Years 14.30 14.60
2.1-2.5 Years 14.50 14.70
2.6-3.0 Years 14.65 14.85
3.1-3.5 Years 14.70 14.90
3.6-4.0 Years 14.80 15.00
4.1-4.5 Years 15.00 15.30
4.6-5.0 Years 15.10 15.40
5.1-5.5 Years 15.40 15.60
5.6-6.0 Years 15.45 15.75
6.1-6.5 Years 15.50 15.80
6.6-7.0 Years 15.60 15.90
7.1-7.5 Years 15.60 15.90
7.6-8.0 Years 15.70 15.95
8.1-8.5 Years 15.75 15.95
8.6-9.0 Years 15.75 16.00
9.1-9.5 Years 15.80 16.10
9.5-10.0 Years 15.90 16.20
15 Years 16.00 16.30
20 Years 16.50 16.90
30 Years 16.75 17.00
================================
Clean Deposit Market
--------------------------------
Tenor Range (% p a)
================================
1 Month 17.00 18.00
3 Months 17.00 19.00
6 Months 18.00 20.00
12 Months 18.00 22.00
================================
T-Bill Secondary Market Data
================================
3 Months, 6 Months &
12 Months Instruments
================================
Days to Maturity Yield Range %
================================
0-7 Days 10.00-11.00
8-15 Days 11.75-12.50
16-30 Days 12.80-13.10
31-60 Days 13.00-13.25
61-90 Days 13.25-13.60
91-120 Days 13.40-13.70
121-180 Days 13.50-13.80
181-270 Days 13.70-13.90
271-365 Days 14.00-14.25
================================
Kerb Market FX Rate
--------------------------------
Currency Bid Offer
--------------------------------
USD 79.00 79.90
EUR 99.70 101.50
GBP 117.00 121.00
================================

Copyright Business Recorder, 2008

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