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Print 2011-11-25
Money Market Report
Money market report by Khadim Ali Shah Bukhari & Co on Thursday (November 24, 2011).
Money market report by Khadim Ali Shah Bukhari & Co on Thursday (November 24, 2011).
DAILY MONEY MARKET COMMENTS: Pakistan Investment Bond yield rose by 7bps and 9bps on 3 year and 10 year bonds respectively. No bids were received for 15-20 and 30 years PIBs, while the bids for 5 and 7 years PIBs were rejected. Auction was held on 22nd November with settlement date of November 23rd . Due to liquidity shortage, banks are likely to approach the discount window to square their positions.
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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 11.90 11.90 11.90 11.95 11.91
1-Week 11.70 11.80 11.85 11.90 11.81
2-Week 11.70 11.75 11.80 11.85 11.78
1-Month 11.65 11.75 11.75 11.85 11.75
2-Months 11.65 11.75 11.75 11.85 11.75
3-Months 11.65 11.75 11.75 11.85 11.75
4-Months 11.65 11.75 11.75 11.85 11.75
5-Months 11.65 11.75 11.75 11.85 11.75
6-Months 11.65 11.80 11.80 11.85 11.78
9-Months 11.70 11.80 11.80 11.85 11.79
1-Year 11.75 11.85 11.85 11.90 11.84
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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 11.90 11.95 11.90 11.95 11.93
1-Week 11.75 11.90 11.85 12.00 11.88
2-Week 11.75 11.90 11.85 12.00 11.88
1-Month 11.70 11.90 11.85 12.00 11.86
2-Months 11.75 11.90 11.85 12.00 11.88
3-Months 11.80 11.90 11.90 11.95 11.89
4-Months 11.80 11.90 11.90 11.95 11.89
5-Months 11.80 11.90 11.90 12.00 11.90
6-Months 11.85 11.95 11.95 12.00 11.94
9-Months 11.85 12.00 12.00 12.10 11.99
1-Year 11.90 12.00 12.10 12.15 12.04
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PIB Secondary Market Data
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Maturity Yield Range
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0.1-0.5 Years 11.75 11.80
0.6-1.0 Years 11.85 11.90
1.1-1.5 Years 12.00 12.05
1.6-2.0 Years 12.05 12.10
2.1-2.5 Years 12.08 12.12
2.6-3.0 Years 12.12 12.16
3.1-3.5 Years 12.20 12.25
3.6-4.0 Years 12.30 12.35
4.1-4.5 Years 12.35 12.40
4.6-5.0 Years 12.36 12.40
5.1-5.5 Years 12.34 12.38
5.6-6.0 Years 12.26 12.28
6.1-6.5 Years 12.25 12.28
6.6-7.0 Years 12.25 12.27
7.1-7.5 Years 12.24 12.26
7.6-8.0 Years 12.24 12.26
8.1-8.5 Years 12.22 12.25
8.6-9.0 Years 12.21 12.25
9.1-9.5 Years 12.21 12.24
9.5-10.0 Years 12.20 12.23
15 Years 12.40 12.50
20 Years 12.50 12.60
30 Years 12.60 12.70
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Clean Deposit Market
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Tenor Range (% p a)
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1 Month 12.00 12.25
3 Months 12.10 12.40
6 Months 12.20 12.40
12 Months 12.25 12.50
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T-Bill Secondary Market Data
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3 Months, 6 Months &
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12 Months Instruments
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Days to Maturity Yield Range %
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0-7 Days 11.80 11.85
8-15 Days 11.75 11.80
16-30 Days 11.75 11.78
31-60 Days 11.70 11.73
61-90 Days 11.70 11.72
91-120 Days 11.74 11.76
121-180 Days 11.75 11.76
181-270 Days 11.81 11.83
271-365 Days 11.82 11.84
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Kerb Market FX Rate
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Currency Bid Offer
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GBP 137 138
USD 87.60 87.90
EUR 117.00 118.00
JPY 1.08 1.13
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