Money market report by Khadim Ali Shah Bukhari & Co on Tuesday (August 10, 2004).
After the result of OMO, the market came down and settled at the level of 0.25%. Finally offers were prevailing in the market with the scarcity bids.
10-year PIB (8%) coupon was quoted in the range of 7.95% - 8.05%.
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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 0.15 0.75 0.30 1.75 0.74
1-Week 0.75 1.25 1.50 1.75 1.25
2-Week 1.00 1.00 1.50 1.75 1.38
1-Month 1.30 1.50 1.70 1.90 1.60
2-Months 1.70 1.90 2.10 2.30 2.00
3-Months 1.80 2.00 2.20 2.40 2.10
4-Months 2.10 2.30 2.50 2.70 2.40
5-Months 2.30 2.50 2.70 2.90 2.60
6-Months 2.50 2.70 2.90 3.10 2.80
9-Months 2.80 3.00 3.20 3.40 3.10
1-Year 3.30 3.50 3.70 3.90 3.60
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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 0.20 1.00 0.40 2.00 0.90
1-Week 1.00 1.25 1.75 2.00 1.50
2-Week 1.25 1.50 1.75 2.00 1.63
1-Month 1.50 1.70 1.90 2.10 1.80
2-Month 2.00 2.20 2.40 2.60 2.30
3-Month 2.20 2.40 2.60 2.80 2.50
4-Month 2.50 2.70 2.90 3.10 2.80
5-Month 2.70 2.90 3.10 3.30 3.00
6-Month 2.90 3.10 3.30 3.50 3.20
9-Month 3.50 3.75 4.00 4.25 3.88
1-Year 3.80 4.10 4.30 4.60 4.20
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PIB Secondary Market Data
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Maturity Yield Range
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0.1-0.5 Years 1.80 2.60
0.6-1.0 Years 2.70 3.30
1.1-1.5 Years 3.50 4.25
1.6-2.0 Years 4.50 5.00
2.1-2.5 Years 4.80 5.20
2.6-3.0 Years 5.00 5.40
3.1-3.5 Years 5.40 5.80
3.6-4.0 Years 5.60 6.00
4.1-4.5 Years 5.80 6.20
4.6-5.0 Years 6.00 6.40
6.6-7.0 Years 7.60 7.90
7.1-7.5 Years 7.95 8.15
7.6-8.0 Years 7.95 8.15
8.1-8.5 Years 7.90 8.15
8.6-9.0 Years 7.95 8.15
9.1-9.5 Years 7.90 8.10
9.6-10.0 Years 7.85 8.00
15 Years 8.80 9.05
20 Years 9.80 10.05
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FIB Secondary Market Data
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Maturity Yield Range
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0.1-0.5 Years 1.90 2.70
0.6-1.0 Years 2.70 3.20
1.1-1.5 Years 3.60 4.20
1.6-2.0 Years 4.50 5.00
2.1-2.5 Years 4.70 5.20
2.6-3.0 Years 4.90 5.40
3.1-3.5 Years 5.20 5.70
3.6-4.0 Years 5.50 6.00
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Clean Deposit Market
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Tenor Range (% p a)
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01 Months 2.50 3.50
03 Months 2.75 3.75
06 Months 3.00 4.00
12 Months 4.00 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 2.50-3.00
8-15 Days 2.00-2.50
16-30 Days 1.50-1.90
31-60 Days 1.60-1.95
61-90 Days 1.90-2.10
91-120 Days 2.10-2.40
121-180 Days 2.30-2.50
181-270 Days 2.50-2.80
271-365 Days 2.75-3.00
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Kerb Market FX Rate
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Currency Bid Offer
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USD 59.10 59.15
EUR 72.35 72.50
GBP 108.40 108.70
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