Money market report by Khadim Ali Shah Bukhari & Co on Saturday (June 19, 2004).
PIB 10-year 8.00% coupon has been seen at the level 7.75% -7.85%. 2-weeks repo was quoted at the level of 3.00% -3.50%.
=================================================================
Repo Rates (Yield p a)
-----------------------------------------------------------------
Tenor Low Bid High Bid Low Offer High Offer Average
=================================================================
Overnight 0.50 2.00 1.00 2.50 1.50
1-Week 1.00 1.25 1.50 1.75 1.38
2-Week 3.00 3.25 3.50 3.75 3.38
1-Month 2.25 2.50 2.75 3.00 2.63
2-Months 2.25 2.50 2.75 3.00 2.63
3-Months 2.30 2.50 2.70 2.90 2.60
4-Months 2.40 2.60 2.80 3.00 2.70
5-Months 2.50 2.70 2.90 3.10 2.80
6-Months 2.60 2.80 3.00 3.20 2.90
9-Months 3.00 3.25 3.50 3.75 3.38
1-Year 3.25 3.50 3.75 4.00 3.63
=================================================================
Call Rates (Yield p a)
-----------------------------------------------------------------
Tenor Low Bid High Bid Low Offer High Offer Average
=================================================================
Overnight 0.75 2.25 1.25 2.75 1.75
1-Week 1.25 1.50 1.75 2.00 1.63
2-Week 3.25 3.50 3.75 4.00 3.63
1-Month 2.50 2.75 3.00 3.25 2.88
2-Month 2.50 2.75 3.00 3.25 2.88
3-Month 2.50 2.70 2.90 3.10 2.80
4-Month 2.60 2.80 3.00 3.20 2.90
5-Month 2.70 2.90 3.10 3.30 3.00
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
=================================================================
=================================
PIB Secondary Market Data
---------------------------------
Maturity Yield Range
=================================
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 5.25 5.75
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 6.25 6.75
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 7.85
15 Years 8.75 8.95
20 Years 9.80 9.95
=================================
FIB Secondary Market Data
---------------------------------
Maturity Yield Range
=================================
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 5.35 5.85
3.1-3.5 Years 5.85 6.35
3.6-4.0 Years 6.10 6.60
=================================
Clean Deposit Market
---------------------------------
Tenor Range (% p a)
=================================
01 Month 3.00 5.00
03 Months 3.00 4.75
06 Months 4.00 5.00
12 Months 4.00 5.50
=================================
T-Bill Secondary Market Data
=================================
3 Months, 6 Months &
12 Months Instruments
=================================
Days to Maturity Yield Range %
=================================
0-7 Days 2.00-3.00
8-15 Days 3.25-3.75
16-30 Days 2.75-3.00
31-60 Days 2.50-3.00
61-90 Days 2.60-3.00
91-120 Days 2.90-3.20
121-180 Days 3.00-3.30
181-270 Days 3.80-3.40
271-365 Days 3.00-3.50
=================================
Kerb Market FX Rate
---------------------------------
Currency Bid Offer
---------------------------------
USD 58.40 58.47
EUR 70.90 71.20
GBP 107.35 107.60
=================================