Money market report by Khadim Ali Shah Bukhari & Co on Thursday (December 09, 2004).
SBP conducted OMO in 1 & 2 weeks to mop up the excess liquidity from the market due to the inflow of Rs 31.823 billion and rejection of auction on Wednesday. SBP accepted Rs 26.45 billion on 1 week @ 2.45% and Rs1.00 billion @2.40% against the total offered amount of Rs 28.50 billion.
After the result of OMO market came down and was seen to be traded at the level of 0.50% - 1.00% and closed at the same level.
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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 0.50 1.00 1.00 1.50 1.00
1-Week 2.30 2.50 2.70 2.90 2.60
2-Week 2.50 2.75 3.25 3.50 3.00
1-Month 3.50 3.75 4.00 4.25 3.88
2-Months 3.75 4.00 4.25 4.50 4.13
3-Months 4.25 4.50 4.75 5.00 4.63
4-Months 4.25 4.50 4.75 5.00 4.63
5-Months 4.30 4.70 4.90 5.20 4.78
6-Months 4.75 5.00 5.25 5.50 5.13
9-Months 5.00 5.25 5.50 5.75 5.38
1-Year 5.25 5.50 5.75 6.00 5.63
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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 0.75 1.50 1.25 2.50 1.50
1-Week 2.50 2.75 3.00 3.25 2.88
2-Week 2.75 3.00 3.25 3.50 3.13
1-Month 4.00 4.25 4.50 4.75 4.38
2-Month 4.25 4.50 4.75 5.00 4.63
3-Month 4.50 4.75 5.00 5.25 4.88
4-Month 4.50 4.75 5.00 5.25 4.88
5-Month 4.70 4.90 5.10 5.30 5.00
6-Month 5.00 5.25 5.50 5.75 5.38
9-Month 5.25 5.50 5.75 6.00 5.63
1-Year 5.75 6.00 6.25 6.50 6.13
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PIB Secondary Market Data
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Maturity Yield Range
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0.1-0.5 Years 3.75 4.75
0.6-1.0 Years 4.50 5.50
1.1-1.5 Years 4.75 5.75
1.6-2.0 Years 5.00 6.00
2.1-2.5 Years 5.25 6.25
2.6-3.0 Years 5.50 6.50
3.1-3.5 Years 5.50 6.50
3.6-4.0 Years 5.75 6.75
4.1-4.5 Years 5.75 6.75
4.6-5.0 Years 6.00 7.00
6.1-6.5 Years 7.45 7.75
6.6-7.0 Years 7.60 7.95
7.1-7.5 Years 7.80 8.00
7.6-8.0 Years 7.85 8.10
8.1-8.5 Years 7.80 8.00
8.6-9.0 Years 7.70 7.95
9.1-9.5 Years 7.60 7.90
9.6-10.0 Year 7.80 7.95
15 Years 8.85 9.10
20 Years 9.90 10.10
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FIB Secondary Market Data
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Maturity Yield Range
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0.1-0.5 Years 3.65 4.65
0.6-1.0 Years 4.40 5.40
1.1-1.5 Years 4.65 5.65
1.6-2.0 Years 4.90 5.90
2.1-2.5 Years 5.15 6.15
2.6-3.0 Years 5.40 6.40
3.1-3.5 Years 5.40 6.40
3.6-4.0 Years 5.75 5.90
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Clean Deposit Market
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Tenor Range (% p a)
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01 Month 6.00 6.50
03 Months 6.25 7.00
06 Months 6.50 7.25
12 Months 6.75 7.50
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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 2.30-2.90
8-15 Days 3.00-3.50
16-30 Days 4.30-4.70
31-60 Days 4.00-4.80
61-90 Days 3.85-4.35
91-120 Days 4.00-4.50
121-180 Days 4.00-4.50
181-270 Days 4.60-5.00
271-365 Days 4.70-5.20
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Kerb Market FX Rate
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Currency Bid Offer
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USD 60.00 60.05
EUR 80.00 80.25
GBP 115.80 116.00
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