Money market report by Khadim Ali Shah Bukhari & Co on Thursday (February 12, 2004).
PIB 10-year 8% coupon bond was quoted in the band of 6.26% - 6.30%.
SBP Discounted 5.3 billion.
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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 3.00 7.40 4.00 7.45 5.46
1-Week 3.60 3.80 4.00 4.20 3.90
2-Week 2.75 3.00 3.15 3.25 3.04
1-Month 1.50 1.90 1.90 2.30 1.90
2-Month 1.60 1.80 2.00 2.20 1.90
3-Month 1.50 1.70 1.90 2.10 1.80
4-Month 1.60 1.80 2.00 2.20 1.90
5-Month 1.70 1.90 2.10 2.30 2.00
6-Month 1.70 1.90 2.10 2.30 2.00
9-Month 1.90 2.10 2.30 2.50 2.20
1-Year 2.10 2.30 2.50 2.70 2.40
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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 3.25 7.40 4.25 7.50 5.60
1-Week 3.75 4.00 4.25 4.50 4.13
2-Week 2.90 3.10 3.30 3.50 3.20
1-Month 1.70 2.10 2.25 2.40 2.11
2-Month 1.80 2.00 2.20 2.40 2.10
3-Month 1.70 1.90 2.10 2.30 2.00
4-Month 1.80 2.00 2.20 2.40 2.10
5-Month 1.90 2.10 2.30 2.50 2.20
6-Month 1.90 2.10 2.30 2.50 2.20
9-Month 2.00 2.20 2.40 2.60 2.30
1-Year 2.30 2.50 2.70 2.90 2.60
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PIB Secondary Market Date
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Maturity Yield Range
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0.1-0.5 Years 1.50 2.00
0.6-1.0 Years 2.20 2.60
1.1-1.5 Years 2.40 2.90
1.6-2.0 Years 2.70 3.20
2.1-2.5 Years 3.30 3.80
2.6-3.0 Years 3.80 4.00
3.1-3.5 Years 4.10 4.50
3.6-4.0 Years 4.30 4.70
4.1-4.5 Years 4.40 4.80
4.6-5.0 Years 4.75 4.85
6.6-7.0 Years 5.80 5.97
7.1-7.5 Years 5.83 6.00
7.6-8.0 Years 6.00 6.20
8.1-8.5 Years 6.00 6.30
8.6-9.0 Years 6.25 6.30
9.1-9.5 Years 6.25 6.32
9.6-10.0 Years 6.20 6.25
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FIB Secondary Market Date
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Maturity Yield Range
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0.1-0.5 Years 1.20 2.00
0.6-1.0 Years 1.90 2.30
1.1-1.5 Years 2.20 2.70
1.6-2.0 Years 2.60 3.10
2.1-2.5 Years 3.25 3.75
2.6-3.0 Years 3.50 3.90
3.1-3.5 Years 3.80 4.30
3.6-4.0 Years 3.90 4.40
4.1-4.5 Years 4.30 4.70
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Clean Deposit Market
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Tenor Range (% p a)
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01 Month 2.25 3.50
03 Months 3.00 4.50
06 Months 2.75 4.75
12 Months 3.00 5.00
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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 2.25-2.75
8-15 Days 2.00-2.50
16-30 Days 1.50-1.75
31-60 Days 1.40-1.60
61-90 Days 1.40-1.70
91-120 Days 1.40-1.70
121-180 Days 1.50-1.80
181-270 Days 1.60-1.90
271-365 Days 1.50-2.00
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Kerb Market FX Rate
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Currency Bid Offer
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USD 57.30 57.35
EUR 73.10 73.40
GBP 108.00 108.50
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