Money market report by Khadim Ali Shah Bukhari & Co on Monday (February 23, 2004).
PIB 10-year 8% coupon bond was quoted in the band of 6.23% - 6.25%.
SBP mops up through OMO 1-week 9.50 billion @ 0.95% and 4-week 12.50 billion @ 1.15%.
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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 0.20 1.50 0.40 3.00 1.28
1-Week 0.40 1.00 0.60 1.50 0.88
2-Week 0.70 1.40 0.90 1.80 1.20
1-Month 0.90 1.10 1.10 1.40 1.13
2-Month 1.00 1.20 1.30 1.40 1.23
3-Month 1.30 1.40 1.50 1.70 1.48
4-Month 1.30 1.50 1.70 1.90 1.60
5-Month 1.40 1.60 1.80 2.00 1.70
6-Month 1.50 1.80 1.90 2.20 1.85
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 0.40 2.00 0.60 3.25 1.56
1-Week 0.60 1.20 0.80 1.60 1.05
2-Week 0.70 1.40 0.90 1.90 1.23
1-Month 1.00 1.20 1.30 1.50 1.25
2-Month 1.10 1.30 1.40 1.50 1.33
3-Month 1.40 1.50 1.60 1.80 1.58
4-Month 1.40 1.60 1.80 2.00 1.70
5-Month 1.50 1.70 1.90 2.10 1.80
6-Month 1.70 1.90 2.10 2.30 2.00
9-Month 2.10 2.30 2.50 2.70 2.40
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 1.90 2.40
1.1-1.5 Years 2.30 2.80
1.6-2.0 Years 2.70 3.20
2.1-2.5 Years 3.40 3.70
2.6-3.0 Years 3.60 3.80
3.1-3.5 Years 4.10 4.50
3.6-4.0 Years 4.40 4.70
4.1-4.5 Years 4.60 4.80
4.6-5.0 Years 4.65 4.75
6.6-7.0 Years 4.75 4.90
7.1-7.5 Years 5.90 6.10
7.6-8.0 Years 6.00 6.20
8.1-8.5 Years 6.22 6.28
8.6-9.0 Years 6.20 6.30
9.1-9.5 Years 6.20 6.28
9.6-10.0 Years 6.23 6.25
15 Years 7.15 7.25
20 Years 8.15 8.25
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FIB Secondary Market Date
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Maturity Yield Range
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0.1-0.5 Years 1.60 2.00
0.6-1.0 Years 2.00 2.40
1.1-1.5 Years 2.20 2.70
1.6-2.0 Years 2.60 3.10
2.1-2.5 Years 3.15 3.65
2.6-3.0 Years 3.40 3.80
3.1-3.5 Years 3.70 4.20
3.6-4.0 Years 3.80 4.30
4.1-4.5 Years 4.20 4.60
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Clean Deposit Market
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Tenor Range (% p a)
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01 Month 2.25 4.25
03 Months 2.25 4.25
06 Months 2.50 4.50
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 1.50-2.50
8-15 Days 1.40-2.00
16-30 Days 1.30-1.70
31-60 Days 1.40-1.70
61-90 Days 1.40-1.70
91-120 Days 1.50-1.80
121-180 Days 1.60-1.75
181-270 Days 1.70-1.90
271-365 Days 1.80-2.00
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Kerb Market FX Rate
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Currency Bid Offer
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USD 57.35 57.40
EUR 72.40 72.60
GBP 106.60 106.85
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