Money market report by Khadim Ali Shah Bukhari & Co on Wednesday (August 30, 2006).
As the day progressed most of the trades were seen at 8.50% - 8.90%. The overnight rates in call and clean were seen within the vicinity of 9.50% - 10.50%. SBP conducted auction of T-bills and accepted PKR 6.5 billion @ 8.6417% in 3 months, PKR 4.6 billion @ 8.8142% in 6 months and PKR 335 million @ 9.0046% in 12 months against the total participation of 21.00 billion. The market closed at the level of 9.00% - 9.25%.
As for Thursday it is expected that money market would remain within the band of 8.00% - 8.50% if no OMO is conducted.
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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 8.25 9.30 8.50 9.40 8.86
1-Week 8.40 8.75 8.70 9.00 8.71
2-Weeks 8.45 8.75 8.60 8.90 8.68
1-Month 8.45 8.75 8.70 8.85 8.69
2-Months 8.50 8.80 8.75 8.90 8.74
3-Months 8.60 9.00 8.80 9.20 8.90
4-Months 8.65 9.00 8.85 9.25 8.94
5-Months 8.60 9.00 8.90 9.25 8.94
6-Months 8.70 9.00 8.90 9.25 8.96
9-Months 8.80 9.20 9.10 9.40 9.13
1-Year 8.85 9.25 9.10 9.40 9.15
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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 10.00 9.75 10.50 9.94
1-Week 9.00 9.75 9.50 10.00 9.56
2-Weeks 9.00 10.00 9.50 10.25 9.69
1-Month 9.25 9.75 9.50 10.00 9.63
2-Months 9.60 10.00 9.90 10.25 9.94
3-Months 9.65 10.00 10.20 10.50 10.09
4-Months 9.70 10.00 10.25 10.50 10.11
5-Months 9.75 10.25 10.30 10.75 10.26
6-Months 9.75 10.25 10.35 10.75 10.28
9-Months 10.00 10.30 10.50 11.00 10.45
1-Year 10.20 10.50 11.00 11.25 10.74
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PIB Secondary Market Data
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Maturity Yield Range
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0.1-0.5 Years 8.85 8.90
0.6-1.0 Years 8.95 9.05
1.1-1.5 Years 9.10 9.25
1.6-2.0 Years 9.35 9.40
2.1-2.5 Years 9.25 9.35
2.6-3.0 Years 9.30 9.45
3.1-3.5 Years 9.45 9.60
3.6-4.0 Years 9.60 9.70
4.1-4.5 Years 9.65 9.75
4.6-5.0 Years 9.70 9.85
5.1-5.5 Years 9.75 9.85
5.6-6.0 Years 9.80 9.90
6.1-6.5 Years 9.85 10.00
6.6-7.0 Years 9.95 10.05
7.1-7.5 Years 10.00 10.10
7.6-8.0 Years 10.00 10.20
8.1-8.5 Years 10.10 10.25
9.5-10.0 Years 10.20 10.40
15 Years 11.00 11.25
20 Years 11.25 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 8.85 8.90
0.6-1.0 Years 9.00 9.10
1.1-1.5 Years 9.00 9.15
1.6-2.0 Years 9.25 9.35
2.1-2.5 Years 9.20 9.30
2.6-3.0 Years 9.25 9.40
3.1-3.5 Years 9.35 9.50
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Clean Deposit Market
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Tenor Range (% p a)
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1 Month 10.00 10.50
3 Months 10.50 11.00
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 9.00-9.30
8-15 Days 8.90-9.25
16-30 Days 8.65-8.85
31-60 Days 8.70-8.80
61-90 Days 8.70-8.80
91-120 Days 8.75-8.85
121-180 Days 8.80-8.95
181-270 Days 8.85-9.00
271-365 Days 8.95-9.05
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Kerb Market FX Rate
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Currency Bid Offer
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USD 60.30 60.50
EUR 77.20 77.30
GBP 114.45 114.55
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