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Print 2005-05-28
Money Market Report
Money market report by Khadim Ali Shah Bukhari & Co on Friday (May 27, 2005).
Money market report by Khadim Ali Shah Bukhari & Co on Friday (May 27, 2005).
DAILY MONEY MARKET COMMENTS: Today morning the money market rates were indicated between the bids and offer range of 3.00% - 3.50%. As the day progressed, the gap between bids and offers narrowed down and first repo deal was witnessed at the level of 3.00%. OMO was expected early but after SBP rejected any call of OMO the market settled down and most of the overnight repo deals were done in between the range of 1.00% -1.50%. Few repo deals were seen at the level 1.50% - 2.00%. At the end of the day the interbank overnight rates were seen at the level of 0.25% - 0.50% due to heavy inflow in the market and closed at the same levels.
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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 3.00 0.50 3.50 1.81
1-Week 4.00 4.50 4.25 5.00 4.44
2-Week 4.50 5.00 4.85 5.50 4.96
1-Month 6.00 6.25 6.50 6.75 6.38
2-Months 7.00 7.25 7.50 7.75 7.38
3-Months 7.15 7.40 7.65 7.85 7.51
4-Months 7.25 7.50 7.75 8.00 7.63
5-Months 7.50 7.75 7.85 8.25 7.84
6-Months 7.75 8.00 8.25 8.50 8.13
9-Months 8.00 8.25 8.50 8.75 8.38
1-Year 8.25 8.50 8.75 9.00 8.63
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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 0.75 3.50 1.00 4.00 2.31
1-Week 4.50 5.00 4.75 5.50 4.94
2-Week 5.00 5.50 5.35 6.00 5.46
1-Month 6.50 6.75 7.00 7.25 6.88
2-Months 7.25 7.50 7.75 8.00 7.63
3-Months 7.50 7.75 8.00 8.25 7.88
4-Months 7.60 7.90 8.20 8.40 8.03
5-Months 7.75 8.00 8.25 8.50 8.13
6-Months 8.00 8.25 8.50 8.75 8.38
9-Months 8.25 8.50 8.75 9.00 8.63
1-Year 8.50 8.75 9.00 9.25 8.88
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PIB Secondary Market Data
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Maturity Yield Range
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0.1-0.5 Years 8.00 8.25
0.6-1.0 Years 8.25 8.50
1.1-1.5 Years 8.50 8.75
1.6-2.0 Years 8.75 9.00
2.1-2.5 Years 8.90 9.20
2.6-3.0 Years 9.05 9.15
3.1-3.5 Years 9.10 9.30
3.6-4.0 Years 9.25 9.35
4.1-4.5 Years 9.30 9.60
4.6-5.0 Years 9.45 9.70
5.6-6.0 Years 9.65 9.95
6.1-6.5 Years 9.70 9.85
6.6-7.0 Years 9.75 10.00
7.1-7.5 Years 9.80 10.05
7.6-8.0 Years 9.70 9.90
8.1-8.5 Years 9.80 10.05
8.6-9.0 Years 10.00 10.20
15 Years 11.55 11.90
20 Years 12.55 12.90
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FIB Secondary Market Data
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Maturity Yield Range
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0.1-0.5 Years 8.10 8.35
0.6-1.0 Years 8.35 8.60
1.1-1.5 Years 8.60 8.85
1.6-2.0 Years 8.85 9.10
2.1-2.5 Years 9.00 9.30
2.6-3.0 Years 9.15 9.25
3.1-3.5 Years 9.20 9.40
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Clean Deposit Market
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Tenor Range (% p a)
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1 Month 8.75 9.75
3 Months 9.25 10.00
6 Months 9.50 10.50
12 Months 10.00 11.00
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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 5.20-5.65
8-15 Days 5.85-6.15
16-30 Days 6.65-6.90
31-60 Days 7.20-7.35
61-90 Days 7.30-7.60
91-120 Days 7.60-7.80
121-180 Days 7.70-7.90
181-270 Days 8.00-8.20
271-365 Days 8.10-8.30
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Kerb Market FX Rate
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Currency Bid Offer
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USD 60.75 60.85
EUR 76.60 76.80
GBP 111.60 111.80
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