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Print 2004-06-29
Money Market Report
Money market report by Khadim Ali Shah Bukhari & Co on Monday (June 28, 2004).
Money market report by Khadim Ali Shah Bukhari & Co on Monday (June 28, 2004).
DAILY MONEY MARKET COMMENTS: Overnight money market initiated at the higher level of 2.00% - 3.00% due to expected OMO in the market.
In the morning market opened with a wide code of 1.00% -3.00%. Initial trades were seen at the level of 2.00% -2.50%.
Later SBP mopup Rs 40 billion @3.05% for one month repo against offered amount of Rs 55 billion. The tenors of OMO were 1-week, 2 weeks, and 1 month. Soon after the result was announced market fell down and finally settled at the previous day's level of 0.25 % -0.50%.
At the end of the day offers were prevailing in the market while non availability of bids. PIB 10-year 8.00% coupon has been seen at the level of 7.75%-7.85%.
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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 0.25 2.25 0.50 3.00 1.50
1-Week 3.00 5.00 4.00 7.00 4.75
2-Week 3.00 3.25 3.50 3.75 3.38
1-Month 2.50 2.75 3.00 3.25 2.88
2-Months 2.40 2.60 2.80 3.00 2.70
3-Months 2.40 2.60 2.80 3.00 2.70
4-Months 2.50 2.70 2.90 3.10 2.80
5-Months 2.50 2.70 2.90 3.10 2.80
6-Months 2.60 2.80 3.00 3.20 2.90
9-Months 2.80 3.00 3.20 3.40 3.10
1-Year 3.00 3.25 3.50 3.75 3.38
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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 0.50 2.50 0.75 3.25 1.75
1-Week 3.25 5.25 4.25 7.25 5.00
2-Week 3.25 3.50 3.75 4.00 3.63
1-Month 2.75 3.00 3.25 3.50 3.13
2-Month 2.60 2.80 3.00 3.20 2.90
3-Month 2.60 2.80 3.00 3.20 2.90
4-Month 2.70 2.90 3.10 3.30 3.00
5-Month 2.70 2.90 3.10 3.30 3.00
6-Month 2.80 3.00 3.20 3.40 3.10
9-Month 3.00 3.25 3.50 3.75 3.38
1-Year 3.25 3.50 3.75 4.00 3.63
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PIB Secondary Market Data
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Maturity Yield Range
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0.1-0.5 Years 3.25 4.00
0.6-1.0 Years 3.50 4.25
1.1-1.5 Years 4.25 5.00
1.6-2.0 Years 4.50 5.25
2.1-2.5 Years 5.20 5.50
2.6-3.0 Years 5.50 5.80
3.1-3.5 Years 5.75 6.25
3.6-4.0 Years 5.90 6.40
4.1-4.5 Years 6.20 6.60
4.6-5.0 Years 6.50 6.75
6.6-7.0 Years 7.10 7.40
7.1-7.5 Years 7.20 7.50
7.6-8.0 Years 7.40 7.60
8.1-8.5 Years 7.45 7.65
8.6-9.0 Years 7.40 7.70
9.1-9.5 Years 7.40 7.70
9.6-10.0 Year 7.75 7.85
15 Years 8.75 8.90
20 Years 9.75 9.90
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FIB Secondary Market Data
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Maturity Yield Range
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0.1-0.5 Years 3.35 4.10
0.6-1.0 Years 3.60 4.35
1.1-1.5 Years 4.35 5.10
1.6-2.0 Years 4.60 5.35
2.1-2.5 Years 5.30 5.60
2.6-3.0 Years 5.60 6.90
3.1-3.5 Years 5.85 6.35
3.6-4.0 Years 6.00 6.50
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Clean Deposit Market
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Tenor Range (% p a)
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01 Month 3.00 4.50
03 Months 3.00 4.75
06 Months 3.75 5.00
12 Months 4.00 5.25
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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 2.80-2.50
8-15 Days 2.40-2.60
16-30 Days 2.30-2.70
31-60 Days 2.30-2.70
61-90 Days 2.30-2.70
91-120 Days 2.50-3.00
121-180 Days 2.50-3.00
181-270 Days 2.60-3.20
271-365 Days 2.80-3.30
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Kerb Market FX Rate
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Currency Bid Offer
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USD 58.63 58.68
EUR 71.20 71.35
GBP 106.80 107.10
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