Money market report by Khadim Ali Shah Bukhari & Co on Wednesday (November 19, 2008).
SBP conducted auction of Treasury Bills, accepted PKR 104.8 billion @13.8549 in 3-month T-Bills against participation of PKR 123.667 billion and PKR 2 billion @14.0108 in 6 months T-Bills against participation of PKR 2.5 billion. Bids in 12-months T-Bills were rejected. For Thursday it is expected that money market would trade at the level of 9.00% - 11.00%.
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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 1.00 4.00 1.50 5.00 2.88
1-Week 8.50 9.75 9.00 10.00 9.31
2-Week 10.00 10.75 10.25 11.00 10.50
1-Month 10.75 11.25 11.10 11.50 11.15
2-Months 12.60 12.80 12.75 13.00 12.79
3-Months 13.25 13.60 13.60 13.80 13.56
4-Months 13.50 13.75 13.75 14.00 13.75
5-Months 13.50 13.75 13.75 14.00 13.75
6-Months 13.60 14.00 14.00 14.25 13.96
9-Months 13.90 14.20 14.25 14.50 14.21
1-Year 14.00 14.25 14.30 14.55 14.28
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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 4.00 11.00 6.00 12.00 8.25
1-Week 12.00 14.00 13.00 15.00 13.50
2-Week 13.00 15.00 14.00 15.50 14.38
1-Month 14.00 15.50 15.50 16.00 15.25
2-Months 15.00 15.75 15.50 16.00 15.56
3-Months 15.00 16.00 16.00 16.50 15.88
4-Months 15.50 16.00 16.00 16.50 16.00
5-Months 15.75 16.25 16.25 16.75 16.25
6-Months 16.00 16.50 16.50 16.75 16.44
9-Months 16.25 16.75 16.75 17.00 16.69
1-Year 16.50 17.00 17.00 17.50 17.00
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PIB Secondary Market Data
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Maturity Yield Range
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0.1-0.5 Years 13.50 14.00
0.6-1.0 Years 13.75 14.10
1.1-1.5 Years 14.20 14.40
1.6-2.0 Years 14.30 14.60
2.1-2.5 Years 14.50 14.70
2.6-3.0 Years 14.65 14.85
3.1-3.5 Years 14.70 14.90
3.6-4.0 Years 14.80 15.00
4.1-4.5 Years 15.00 15.30
4.6-5.0 Years 15.10 15.40
5.1-5.5 Years 15.40 15.60
5.6-6.0 Years 15.45 15.75
6.1-6.5 Years 15.50 15.80
6.6-7.0 Years 15.60 15.90
7.1-7.5 Years 15.60 15.90
7.6-8.0 Years 15.70 15.95
8.1-8.5 Years 15.75 15.95
8.6-9.0 Years 15.75 16.00
9.1-9.5 Years 15.80 16.10
9.5-10.0 Years 15.90 16.20
15 Years 16.00 16.30
20 Years 16.50 16.90
30 Years 16.75 17.00
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Clean Deposit Market
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Tenor Range (% p a)
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1 Month 16.00 17.00
3 Months 16.50 18.00
6 Months 17.00 19.00
12 Months 18.00 22.00
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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 10.00-11.00
8-15 Days 11.75-12.50
16-30 Days 12.80-13.10
31-60 Days 13.00-13.25
61-90 Days 13.25-13.60
91-120 Days 13.40-13.70
121-180 Days 13.50-13.80
181-270 Days 13.70-13.90
271-365 Days 14.00-14.25
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Kerb Market FX Rate
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Currency Bid Offer
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USD 79.00 79.70
EUR 99.00 101.50
GBP 118.00 120.00
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