Money market report by Khadim Ali Shah Bukhari & Co on Thursday (June 17, 2004).
The overnight interbank rates initiated in the band of 2.50% - 3.50%, market increased at the level of 4.50% - 5.00% and closed in the vicinity of 1.00% -1.50% PIB 10-year 8.00% coupon was quoted in the band of 7.75% -7.85%.
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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 1.00 4.50 1.50 5.00 3.00
1-Week 1.50 2.50 3.00 3.25 2.56
2-Week 3.00 3.25 3.50 3.75 3.38
1-Month 2.50 2.75 3.00 3.25 2.88
2-Months 2.50 2.75 3.00 3.25 2.88
3-Months 2.60 2.90 3.20 3.40 3.03
4-Months 2.75 3.00 3.25 3.50 3.13
5-Months 2.75 3.00 3.25 3.50 3.13
6-Months 2.75 3.00 3.25 3.50 3.13
9-Months 3.00 3.25 3.50 3.75 3.38
1-Year 3.25 3.50 3.75 4.00 3.63
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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 1.25 4.75 2.75 5.25 3.50
1-Week 1.75 2.75 3.25 3.50 2.81
2-Week 3.25 3.50 3.75 4.00 3.63
1-Month 2.75 3.00 3.25 3.50 3.13
2-Month 2.75 3.00 3.25 3.50 3.13
3-Month 3.00 3.25 3.50 3.75 3.38
4-Month 3.00 3.25 3.50 3.75 3.38
5-Month 3.00 3.25 3.50 3.75 3.38
6-Month 3.00 3.25 3.50 3.75 3.38
9-Month 3.25 3.50 3.75 4.00 3.63
1-Year 3.50 3.75 4.00 4.25 3.88
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PIB Secondary Market Data
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Maturity Yield Range
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0.1-0.5 Years 3.50 4.00
0.6-1.0 Years 4.00 4.50
1.1-1.5 Years 4.50 5.00
1.6-2.0 Years 4.50 5.00
2.1-2.5 Years 5.00 5.50
2.6-3.0 Years 5.50 6.00
3.1-3.5 Years 5.75 6.25
3.6-4.0 Years 6.00 6.50
4.1-4.5 Years 6.20 6.70
4.6-5.0 Years 6.20 6.60
6.6-7.0 Years 7.00 7.40
7.1-7.5 Years 7.20 7.60
7.6-8.0 Years 7.30 7.70
8.1-8.5 Years 7.40 7.80
8.6-9.0 Years 7.50 7.80
9.1-9.5 Years 7.60 7.85
9.6-10.0 Years 7.70 7.90
15 Years 8.75 8.90
20 Years 9.80 9.95
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FIB Secondary Market Data
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Maturity Yield Range
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0.1-0.5 Years 3.60 4.10
0.6-1.0 Years 4.10 4.60
1.1-1.5 Years 4.60 5.10
1.6-2.0 Years 4.60 5.10
2.1-2.5 Years 5.10 5.60
2.6-3.0 Years 5.60 6.10
3.1-3.5 Years 5.85 6.35
3.6-4.0 Years 6.10 6.60
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Clean Deposit Market
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Tenor Range (% p a)
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01 Month 3.00 5.00
03 Months 2.75 4.75
06 Months 3.00 5.00
12 Months 3.50 5.50
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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 1.75-3.00
8-15 Days 1.75-2.25
16-30 Days 2.80-3.10
31-60 Days 2.60-3.00
61-90 Days 2.60-3.00
91-120 Days 2.90-3.20
121-180 Days 3.00-3.30
181-270 Days 3.10-3.40
271-365 Days 3.20-3.50
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Kerb Market FX Rate
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Currency Bid Offer
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USD 58.40 58.45
EUR 70.65 70.80
GBP 107.05 107.20
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