Print Print 2004-04-18

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Saturday (April 17, 2004).
Published April 18, 2004

Money market report by Khadim Ali Shah Bukhari & Co on Saturday (April 17, 2004).
DAILY MONEY MARKET COMMENTS: The overnight Interbank Money Market was initiated in the band of 1.00% - 1.50% and most of the trade has been seen at the level 1.50% - 2.00% and market closed at the level of 1.00% - 1.25%.
PIB 10-year 8% coupon was quoted in the band of 6.30% - 6.35%.



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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 2.00 1.50 2.50 1.75
1-Week 1.30 1.40 1.60 1.70 1.50
2-Week 1.50 1.70 1.90 2.10 1.80
1-Month 1.40 1.60 1.80 2.00 1.70
2-Months 1.50 1.70 1.90 2.10 1.80
3-Months 1.60 1.70 2.00 2.20 1.88
4-Months 1.70 1.80 2.00 2.20 1.93
5-Months 1.70 1.80 2.05 2.20 1.94
6-Months 1.80 1.90 2.10 2.30 2.03
9-Months 2.00 2.20 2.40 2.60 2.30
1-Year 2.20 2.40 2.60 2.80 2.50
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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 1.25 2.25 1.75 2.75 2.00
1-Week 1.40 1.60 1.80 2.00 1.70
2-Week 1.60 1.80 2.00 2.20 1.90
1-Month 1.70 1.90 2.10 2.30 2.00
2-Month 1.80 2.00 2.20 2.40 2.10
3-Month 1.90 2.10 2.30 2.50 2.20
4-Month 2.00 2.20 2.40 2.60 2.30
5-Month 2.10 2.30 2.50 2.70 2.40
6-Month 2.00 2.40 2.40 2.60 2.35
9-Month 2.20 2.40 2.60 2.80 2.50
1-Year 2.40 2.60 2.80 3.00 2.70
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PIB Secondary Market Date
---------------------------------
Maturity Yield Range
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0.1-0.5 Years 1.25 1.80
0.6-1.0 Years 1.70 2.20
1.1-1.5 Years 2.25 2.60
1.6-2.0 Years 2.50 3.10
2.1-2.5 Years 3.30 3.70
2.6-3.0 Years 3.50 3.60
3.1-3.5 Years 4.10 4.50
3.6-4.0 Years 4.40 4.70
4.1-4.5 Years 4.50 4.65
4.6-5.0 Years 4.60 4.80
6.6-7.0 Years 5.80 5.95
7.1-7.5 Years 6.00 6.15
7.6-8.0 Years 6.25 6.35
8.1-8.5 Years 6.32 6.36
8.6-9.0 Years 6.35 6.38
9.1-9.5 Years 6.32 6.36
9.6-10.0 Years 6.30 6.35
15 Years 7.10 7.30
20 Years 8.10 8.30
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FIB Secondary Market Date
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Maturity Yield Range
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0.1-0.5 Years 1.30 2.30
0.6-1.0 Years 1.70 2.10
1.1-1.5 Years 2.10 2.60
1.6-2.0 Years 2.60 3.10
2.1-2.5 Years 3.15 3.65
2.6-3.0 Years 3.40 3.80
3.1-3.5 Years 3.70 4.20
3.6-4.0 Years 3.80 4.30
4.1-4.5 Years 4.20 4.60
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Clean Deposit Market
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Tenor Range (% p a)
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01 Month 2.50 4.50
03 Months 2.25 4.25
06 Months 2.50 4.50
12 Months 2.75 5.00
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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 1.50-2.00
8-15 Days 1.30-1.70
16-30 Days 1.30-1.80
31-60 Days 1.50-2.00
61-90 Days 1.75-2.00
91-120 Days 1.50-1.80
121-180 Days 1.65-1.75
181-270 Days 1.70-1.90
271-365 Days 1.80-2.30
=================================
Kerb Market FX Rate
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Currency Bid Offer
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USD 57.80 57.85
EUR 69.40 69.70
GBP 104.00 104.20
=================================

Copyright Business Recorder, 2004

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