Money market report by Khadim Ali Shah Bukhari & Co on Wednesday (March 24, 2004).
PIB 10 year 8% coupon bond was quoted in the band of 6.37% - 6.39%.
=================================================================
Repo Rates (Yield p a)
-----------------------------------------------------------------
Tenor Low Bid High Bid Low Offer High Offer Average
=================================================================
Overnight 0.05 0.20 0.15 0.30 0.18
1-Week 0.20 0.30 0.50 0.70 0.43
2-Week 0.40 0.60 0.80 1.00 0.70
1-Month 0.90 1.00 1.10 1.20 1.05
2-Months 1.00 1.10 1.20 1.30 1.15
3-Months 1.30 1.50 1.50 1.55 1.45
4-Months 1.30 1.40 1.60 1.70 1.50
5-Months 1.40 1.50 1.70 1.90 1.63
6-Months 1.50 1.60 1.70 1.90 1.68
9-Months 1.80 2.00 2.20 2.40 2.10
1-Year 2.00 2.20 2.40 2.60 2.30
=================================================================
Call Rates (Yield p a)
-----------------------------------------------------------------
Tenor Low Bid High Bid Low Offer High Offer Average
=================================================================
Overnight 0.10 0.25 0.20 0.40 0.24
1-Week 0.25 0.35 0.60 0.80 0.50
2-Week 0.50 0.70 0.90 1.10 0.80
1-Month 1.00 1.20 1.20 1.40 1.20
2-Month 1.10 1.30 1.40 1.50 1.33
3-Month 1.40 1.50 1.70 1.80 1.60
4-Month 1.40 1.50 1.70 1.90 1.63
5-Month 1.50 1.70 1.90 2.10 1.80
6-Month 1.60 1.80 1.90 2.20 1.88
9-Month 2.10 2.30 2.50 2.90 2.45
1-Year 2.30 2.50 2.70 2.90 2.60
=================================================================
=================================
PIB Secondary Market Date
---------------------------------
Maturity Yield Range
=================================
0.1-0.5 Years 1.20 1.80
0.6-1.0 Years 1.75 2.10
1.1-1.5 Years 2.10 2.60
1.6-2.0 Years 2.60 3.10
2.1-2.5 Years 3.30 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 4.80
6.6-7.0 Years 5.80 6.00
7.1-7.5 Years 5.95 6.20
7.6-8.0 Years 6.10 6.25
8.1-8.5 Years 6.30 6.70
8.6-9.0 Years 6.33 6.38
9.1-9.5 Years 6.37 6.39
9.6-10.0 Years 6.37 6.39
15 Years 7.30 7.50
20 Years 8.25 8.40
=================================
FIB Secondary Market Date
---------------------------------
Maturity Yield Range
=================================
0.1-0.5 Years 1.20 1.90
0.6-1.0 Years 1.70 2.10
1.1-1.5 Years 2.10 2.60
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
=================================
Clean Deposit Market
---------------------------------
Tenor Range (% p a)
=================================
01 Month 2.00 4.00
03 Months 2.00 4.00
06 Months 2.25 4.50
12 Months 2.50 5.00
=================================
T-Bill Secondary Market Data
=================================
3 Months, 6 Months &
12 Months Instruments
=================================
Days to Maturity Yield Range %
=================================
0-7 Days 1.40-2.40
8-15 Days 1.30-1.70
16-30 Days 1.20-1.50
31-60 Days 1.30-1.60
61-90 Days 1.30-1.60
91-120 Days 1.50-1.80
121-180 Days 1.65-1.75
181-270 Days 1.65-1.90
271-365 Days 1.80-2.00
=================================
Kerb Market FX Rate
---------------------------------
Currency Bid Offer
---------------------------------
USD 57.70 57.80
EUR 71.00 71.20
GBP 106.80 107.20
=================================