Money market report by Khadim Ali Shah Bukhari & Co on Saturday (October 15, 2005).
SBP conducted 5 and 12 days OMO and mop up Rs 4 billion @ 7.75% and PKR 5 billion @ 7.85% respectively.
Keeping in view of today's interbank market we believe that on Monday overnight repo rates till remain at the level of 8.50% - 8.90%.
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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 7.50 8.50 7.75 8.75 8.13
1-Week 8.00 8.20 8.20 8.40 8.20
2-Week 8.00 8.20 8.20 8.30 8.18
1-Month 8.00 8.20 8.20 8.30 8.18
2-Months 8.00 8.20 8.15 8.30 8.16
3-Months 8.10 8.25 8.25 8.40 8.25
4-Months 8.15 8.30 8.30 8.40 8.29
5-Months 8.20 8.35 8.35 8.45 8.34
6-Months 8.25 8.40 8.40 8.50 8.39
9-Months 8.25 8.50 8.50 8.65 8.48
1-Year 8.45 8.60 8.70 8.80 8.64
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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 7.75 9.75 8.25 10.00 8.94
1-Week 8.20 8.75 8.40 9.00 8.59
2-Week 8.30 8.75 8.50 9.00 8.64
1-Month 8.40 9.00 8.60 9.25 8.81
2-Months 8.25 8.75 8.65 9.25 8.73
3-Months 8.50 9.50 8.75 9.75 9.13
4-Months 8.50 9.60 8.80 9.80 9.18
5-Months 8.50 9.75 8.90 10.00 9.29
6-Months 8.50 9.75 8.90 10.00 9.29
9-Months 8.65 9.75 9.25 10.00 9.41
1-Year 8.75 9.80 9.35 10.20 9.53
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PIB Secondary Market Data
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Maturity Yield Range
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0.1-0.5 Years 8.35 8.50
0.6-1.0 Years 8.75 8.85
1.1-1.5 Years 8.95 9.15
1.6-2.0 Years 8.90 9.05
2.1-2.5 Years 8.90 9.00
2.6-3.0 Years 8.95 9.15
3.1-3.5 Years 9.00 9.20
3.6-4.0 Years 9.00 9.25
4.1-4.5 Years 9.05 9.30
4.6-5.0 Years 9.25 9.40
5.1-5.5 Years 9.30 9.40
5.6-6.0 Years 9.35 9.45
6.1-6.5 Years 9.35 9.45
6.6-7.0 Years 9.40 9.50
7.1-7.5 Years 9.40 9.50
7.6-8.0 Years 9.40 9.55
8.1-8.5 Years 9.20 9.30
8.6-9.0 Years 9.03 9.10
15 Years 10.75 11.50
20 Years 11.75 12.50
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FIB Secondary Market Data
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Maturity Yield Range
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0.1-0.5 Years 8.10 8.30
0.6-1.0 Years 8.40 8.75
1.1-1.5 Years 8.80 8.90
1.6-2.0 Years 9.00 9.15
2.1-2.5 Years 9.00 9.10
2.6-3.0 Years 9.05 9.25
3.1-3.5 Years 9.10 9.30
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Clean Deposit Market
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Tenor Range (% p a)
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1 Month 9.25 9.75
3 Months 9.50 9.75
6 Months 9.75 10.00
12 Months 10.00 10.75
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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 8.75-9.25
8-15 Days 8.25-8.90
16-30 Days 8.10-8.50
31-60 Days 8.15-8.35
61-90 Days 8.10-8.30
91-120 Days 8.20-8.35
121-180 Days 8.20-8.40
181-270 Days 8.60-8.75
271-365 Days 8.65-8.80
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Kerb Market FX Rate
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Currency Bid Offer
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USD 60.05 60.15
EUR 72.20 72.50
GBP 105.50 106.00
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