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Print 2005-08-14
Money Market Report
Money market report by Khadim Ali Shah Bukhari & Co on Saturday (August 13, 2005).
Money market report by Khadim Ali Shah Bukhari & Co on Saturday (August 13, 2005).
DAILY MONEY MARKET COMMENTS: Today money market rates were initiated between the bid and offer range of 7.50% - 8.00%. and the first repo deal was witnessed at the level of 8.00%. As the day progressed the overnight repo deals were done in between the range of 8.00% - 8.50%. However in clean & call placements the overnight interest rates were at 8.25% - 9.50%. At the end of the day the interbank market closed at the level of 8.25% - 8.75%. SBP reported discounting of Rs 500 million.
Keeping in view today's interbank market we believe that on Monday overnight repo rates will remain in the range of 7.75% - 8.50%.
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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 7.50 8.50 8.00 8.75 8.19
1-Week 7.25 7.50 7.75 8.00 7.63
2-Week 7.25 7.60 7.75 8.10 7.68
1-Month 7.60 7.80 7.90 8.20 7.88
2-Months 7.70 7.90 8.00 8.25 7.96
3-Months 7.75 7.85 8.10 8.25 7.99
4-Months 7.90 8.10 8.15 8.30 8.11
5-Months 7.90 8.10 8.20 8.30 8.13
6-Months 8.10 8.25 8.25 8.40 8.25
9-Months 8.15 8.25 8.40 8.60 8.35
1-Year 8.35 8.50 8.60 8.80 8.56
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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 8.00 8.75 8.25 9.00 8.50
1-Week 7.50 7.75 7.75 8.25 7.81
2-Week 7.50 7.75 8.00 8.25 7.88
1-Month 8.00 8.25 8.25 8.50 8.25
2-Months 8.00 8.75 8.50 9.00 8.56
3-Months 8.30 9.25 8.65 9.50 8.93
4-Months 8.30 8.60 8.70 9.55 8.79
5-Months 8.50 9.00 8.80 9.60 8.98
6-Months 8.60 9.00 9.00 9.65 9.06
9-Months 8.75 8.95 9.40 9.75 9.21
1-Year 9.10 9.50 9.75 9.90 9.56
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PIB Secondary Market Data
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Maturity Yield Range
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0.1-0.5 Years 8.70 8.75
0.6-1.0 Years 8.70 8.75
1.1-1.5 Years 8.85 8.90
1.6-2.0 Years 8.95 9.05
2.1-2.5 Years 8.95 9.05
2.6-3.0 Years 9.10 9.20
3.1-3.5 Years 9.10 9.20
3.6-4.0 Years 9.15 9.25
4.1-4.5 Years 9.15 9.25
4.6-5.0 Years 9.20 9.30
5.1-5.5 Years 9.25 9.30
5.6-6.0 Years 9.30 9.35
6.1-6.5 Years 9.30 9.40
6.6-7.0 Years 9.35 9.45
7.1-7.5 Years 9.35 9.45
7.6-8.0 Years 9.40 9.50
8.1-8.5 Years 9.40 9.55
8.6-9.0 Years 9.00 9.20
15 Years 10.75 11.50
20 Years 11.75 12.25
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FIB Secondary Market Data
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Maturity Yield Range
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0.1-0.5 Years 7.90 8.00
0.6-1.0 Years 8.50 8.60
1.1-1.5 Years 8.95 9.00
1.6-2.0 Years 9.05 9.15
2.1-2.5 Years 9.05 9.15
2.6-3.0 Years 9.20 9.30
3.1-3.5 Years 9.20 9.30
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Clean Deposit Market
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Tenor Range (% p a)
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1 Month 9.00 9.25
3 Months 9.00 9.50
6 Months 9.25 9.75
12 Months 9.75 10.25
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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 8.00-8.75
8-15 Days 7.75-8.00
16-30 Days 7.80-8.10
31-60 Days 7.80-8.00
61-90 Days 7.90-8.10
91-120 Days 7.90-8.10
121-180 Days 8.00-8.25
181-270 Days 8.50-8.65
271-365 Days 8.65-8.75
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Kerb Market FX Rate
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Currency Bid Offer
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USD 60.05 60.15
EUR 73.60 73.70
GBP 106.80 106.90
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