Money market report by Khadim Ali Shah Bukhari & Co on Saturday (July 22, 2006).
The speaking point about the interbank money market today was the revised rates of CRR of banks from 5% to 7% and SLR from 15% to 18% of the deposits, that pushed the Kibor rates to maximum level and overnight rates in call and clean were seen within the vicinity of 12.00%-15.00%.
Keeping in view of the current market situation we believe that the kibor for the tenor of 1 week, 2 week and 1 month would remain on the higher side in this week. As for Monday it is expected that money market would remain within the band of 7.00%-7.50%.
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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 7.00 8.95 7.25 8.95 8.04
1-Week 8.25 8.75 8.50 8.90 8.60
2-Weeks 8.40 8.75 8.50 8.80 8.61
1-Month 8.40 8.60 8.50 8.75 8.56
2-Months 8.40 8.65 8.60 8.75 8.60
3-Months 8.45 8.65 8.60 8.75 8.61
4-Months 8.50 8.70 8.65 8.80 8.66
5-Months 8.50 8.70 8.65 8.80 8.66
6-Months 8.60 8.75 8.70 8.85 8.73
9-Months 8.60 8.75 8.70 8.85 8.73
1-Year 8.70 8.80 8.75 8.85 8.78
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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 9.50 14.00 10.50 15.00 12.25
1-Week 9.25 11.00 10.00 12.00 10.56
2-Weeks 9.50 11.00 10.50 12.00 10.75
1-Month 9.50 11.00 10.25 11.25 10.50
2-Months 9.50 10.75 10.25 11.25 10.44
3-Months 9.75 11.00 10.50 11.25 10.63
4-Months 9.75 11.00 10.50 11.25 10.63
5-Months 9.75 11.00 10.75 11.50 10.75
6-Months 10.00 11.25 10.75 11.75 10.94
9-Months 10.25 11.25 11.00 11.75 11.06
1-Year 10.50 11.50 11.00 12.00 11.25
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PIB Secondary Market Data
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Maturity Yield Range
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0.1-0.5 Years 8.60 8.70
0.6-1.0 Years 8.80 8.90
1.1-1.5 Years 8.90 9.05
1.6-2.0 Years 9.20 9.30
2.1-2.5 Years 9.20 9.30
2.6-3.0 Years 9.25 9.35
3.1-3.5 Years 9.20 9.40
3.6-4.0 Years 9.35 9.45
4.1-4.5 Years 9.40 9.45
4.6-5.0 Years 9.50 9.60
5.1-5.5 Years 9.55 9.60
5.6-6.0 Years 9.55 9.65
6.1-6.5 Years 9.60 9.65
6.6-7.0 Years 9.55 9.65
7.1-7.5 Years 9.55 9.65
7.6-8.0 Years 9.60 9.70
8.1-8.5 Years 9.60 9.70
9.5-10.0 Years 9.80 9.85
15 Years 10.50 11.00
20 Years 10.75 11.25
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FIB Secondary Market Data
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Maturity Yield Range
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0.1-0.5 Years 8.60 8.70
0.6-1.0 Years 8.80 8.90
1.1-1.5 Years 8.90 9.05
1.6-2.0 Years 9.20 9.30
2.1-2.5 Years 9.20 9.30
2.6-3.0 Years 9.25 9.35
3.1-3.5 Years 9.20 9.40
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Clean Deposit Market
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Tenor Range (% p a)
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1 Month 10.50 11.50
3 Months 10.50 11.50
6 Months 10.75 11.50
12 Months 11.00 12.00
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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 8.50-8.90
8-15 Days 8.10-8.40
16-30 Days 8.20-8.40
31-60 Days 8.25-8.50
61-90 Days 8.25-8.40
91-120 Days 8.45-8.50
121-180 Days 8.50-8.55
181-270 Days 8.60-8.70
271-365 Days 8.70-8.75
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Kerb Market FX Rate
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Currency Bid Offer
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USD 60.80 60.85
EUR 76.50 76.80
GBP 112.00 112.50
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