Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Saturday (May 07, 2011).
DAILY MONEY MARKET COMMENTS: Money market initiated at the level of 11.75% - 12.00%. Major deals were done in the range of 12.00% - 12.50%. Money Market closed at the level of 11.50% - 11.75%. SBP announced OMO for 6 days and mopped up Rs 17.5Bln @ 12.20% against the total participation of same amount of Rs 17.5Bln.
For Monday it is expected that money market would trade within the levels of 11.50% - 12.25%.

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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     11.25      12.75      11.50       13.00       12.13

1-Week        11.50      12.30      12.15       12.40       12.09

2-Week        11.60      12.40      12.30       12.50       12.20

1-Month       11.75      12.70      12.65       12.75       12.46

2-Months      12.40      12.90      12.85       13.00       12.79

3-Months      12.75      12.90      12.95       13.05       12.91

4-Months      12.85      13.00      13.00       13.20       13.01

5-Months      13.00      13.35      13.25       13.40       13.25

6-Months      13.20      13.35      13.30       13.40       13.31

9-Months      13.25      13.50      13.50       13.60       13.46

1-Year        13.40      13.60      13.50       13.65       13.54

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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     11.25      12.90      11.50       13.00       12.16

1-Week        11.90      12.40      12.25       12.50       12.26

2-Week        12.20      12.50      12.40       12.60       12.43

1-Month       12.50      12.85      12.80       12.90       12.76

2-Months      12.90      13.10      13.10       13.25       13.09

3-Months      13.10      13.30      13.30       13.40       13.28

4-Months      13.25      13.40      13.30       13.50       13.36

5-Months      13.30      13.50      13.40       13.60       13.45

6-Months      13.35      13.55      13.50       13.65       13.51

9-Months      13.50      13.65      13.60       13.70       13.61

1-Year        13.50      13.75      13.60       13.85       13.68

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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    13.60

0.6-1.0 Years     13.60    13.70

1.1-1.5 Years     13.80    13.85

1.6-2.0 Years     13.85    13.90

2.1-2.5 Years     13.90    13.95

2.6-3.0 Years     13.95    14.00

3.1-3.5 Years     13.96    14.00

3.6-4.0 Years     13.98    14.02

4.1-4.5 Years     14.00    14.05

4.6-5.0 Years     14.00    14.05

5.1-5.5 Years     14.02    14.07

5.6-6.0 Years     14.05    14.09

6.1-6.5 Years     14.07    14.10

6.6-7.0 Years     14.07    14.10

7.1-7.5 Years     14.07    14.11

7.6-8.0 Years     14.08    14.11

8.1-8.5 Years     14.08    14.11

8.6-9.0 Years     14.08    14.11

9.1-9.5 Years     14.09    14.12

9.5-10.0 Years    14.09    14.12

15 Years          14.45    14.50

20 Years          14.60    14.65

30 Years          14.80    14.90

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FIB Secondary Market Data

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Maturity         Yield     Range

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0.1-0.5 Years      N/A       N/A

0.6-1.0 Years      N/A       N/A

1.1-1.5 Years      N/A       N/A

1.6-2.0 Years      N/A       N/A

2.1-2.5 Years      N/A       N/A

2.6-3.0 Years      N/A       N/A

3.1-3.5 Years      N/A       N/A

3.6-4.0 Years      N/A       N/A

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Clean Deposit Market

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Tenor            Range   (% p a)

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1 Month          13.30     13.40

3 Months         13.30     13.50

6 Months         13.60     13.90

12 Months        13.90     13.20

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T-Bill Secondary Market Data

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3 Months, 6 Months &

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           12 Months Instruments

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Days to Maturity  Yield  Range %

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0-7 Days          12.20    12.30

8-15 Days         12.30    12.40

16-30 Days        12.45    12.60

31-60 Days        12.55    12.65

61-90 Days        12.95    13.00

91-120 Days       13.10    13.20

121-180 Days      13.38    13.42

181-270 Days      13.55    13.60

271-365 Days      13.68    13.72

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Kerb Market FX Rate

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Currency          Bid      Offer

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USD              84.40     84.90

EUR             122.11    123.76

GBP             137.69    140.00

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