Money market report by Khadim Ali Shah Bukhari & Co on Saturday (April 01, 2006).
Most of the trades were seen in the vicinity of 8.50% prior to OMO result but after an injection of Rs 9.60 bln @ 8.26% against the participation of Rs 26.65 bln overnight rates plunged to the higher note.
Finally, at closing time overnight rates remained as high as 8.90% with a few punters. At the end of the day SBP covers the discounting of Rs 420 mln.
Keeping in view today's interbank market we assume that on Monday the overnight repo rates would remain within the band 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 8.00 8.90 8.50 8.90 8.58
1-Week 8.25 8.40 8.50 8.60 8.44
2-Week 8.20 8.35 8.30 8.45 8.33
1-Month 8.25 8.40 8.35 8.50 8.38
2-Months 8.20 8.40 8.30 8.40 8.33
3-Months 8.25 8.40 8.40 8.50 8.39
4-Months 8.25 8.40 8.40 8.50 8.39
5-Months 8.30 8.50 8.45 8.60 8.46
6-Months 8.40 8.60 8.50 8.65 8.54
9-Months 8.40 8.70 8.60 8.75 8.61
1-Year 8.60 8.80 8.75 8.90 8.76
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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 8.50 9.25 8.75 9.50 9.00
1-Week 8.75 9.00 9.00 9.25 9.00
2-Week 8.50 8.90 9.00 9.25 8.91
1-Month 8.75 9.10 9.00 9.40 9.06
2-Months 8.80 9.40 9.10 9.60 9.25
3-Months 8.90 9.40 9.10 9.60 9.25
4-Months 9.00 9.50 9.25 9.75 9.38
5-Months 9.10 9.60 9.35 9.80 9.46
6-Months 9.25 9.60 9.35 9.80 9.50
9-Months 9.50 10.00 9.80 10.25 9.89
1-Year 9.60 10.00 9.80 10.25 9.91
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PIB Secondary Market Data
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Maturity Yield Range
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0.1-0.5 Years 8.45 8.60
0.6-1.0 Years 8.75 8.85
1.1-1.5 Years 8.90 9.05
1.6-2.0 Years 9.00 9.10
2.1-2.5 Years 9.05 9.15
2.6-3.0 Years 9.10 9.20
3.1-3.5 Years 9.15 9.25
3.6-4.0 Years 9.15 9.30
4.1-4.5 Years 9.15 9.25
4.6-5.0 Years 9.20 9.30
5.1-5.5 Years 9.25 9.30
5.6-6.0 Years 9.25 9.35
6.1-6.5 Years 9.25 9.40
6.6-7.0 Years 9.30 9.40
7.1-7.5 Years 9.30 9.45
7.6-8.0 Years 9.40 9.55
8.1-8.5 Years 9.35 9.50
8.6-9.0 Years 9.30 9.40
15 Years 10.50 10.75
20 Years 11.00 11.50
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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 8.45 8.80
1.1-1.5 Years 9.00 9.20
1.6-2.0 Years 9.10 9.25
2.1-2.5 Years 9.15 9.25
2.6-3.0 Years 9.20 9.30
3.1-3.5 Years 9.25 9.35
3.6-4.0 Years - -
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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 9.75 10.00
6 Months 10.00 10.50
12 Months 10.25 11.00
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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 8.35-8.70
8-15 Days 8.25-8.50
16-30 Days 8.00-8.15
31-60 Days 8.20-8.40
61-90 Days 8.30-8.40
91-120 Days 8.35-8.45
121-180 Days 8.35-8.50
181-270 Days 8.65-8.75
271-365 Days 8.75-8.78
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Kerb Market FX Rate
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Currency Bid Offer
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USD 60.20 60.30
EUR 72.70 72.90
GBP 104.40 104.80
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