Money market report by Khadim Ali Shah Bukhari & Co on Saturday (March 06, 2004).
PIB 10-year 8% coupon bond was quoted in the band of 6.31% - 6.33%.
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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 0.40 1.75 0.50 2.25 1.23
1-Week 0.50 1.50 1.00 2.50 1.38
2-Week 0.60 1.25 0.90 1.50 1.06
1-Month 1.25 1.60 1.50 1.90 1.56
2-Month 1.20 1.35 1.50 1.60 1.41
3-Month 1.20 1.40 1.60 1.80 1.50
4-Month 1.30 1.50 1.70 1.90 1.60
5-Month 1.45 1.55 1.75 2.00 1.69
6-Month 1.50 1.70 1.90 2.10 1.80
9-Month 1.90 2.10 2.30 2.50 2.20
1-Year 2.00 2.20 2.40 2.60 2.30
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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 2.00 0.60 2.50 1.40
1-Week 0.75 1.75 1.25 2.75 1.63
2-Week 0.70 1.40 1.10 1.80 1.25
1-Month 1.30 1.70 1.60 2.00 1.65
2-Month 1.30 1.50 1.70 1.90 1.60
3-Month 1.40 1.60 1.80 2.00 1.70
4-Month 1.50 1.70 1.90 2.10 1.80
5-Month 1.60 1.80 2.00 2.20 1.90
6-Month 1.80 2.00 2.20 2.40 2.10
9-Month 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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PIB Secondary Market Date
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Maturity Yield Range
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0.1-0.5 Years 1.50 2.00
0.6-1.0 Years 1.90 2.40
1.1-1.5 Years 2.30 2.80
1.6-2.0 Years 2.70 3.20
2.1-2.5 Years 3.40 3.70
2.6-3.0 Years 3.60 3.80
3.1-3.5 Years 4.10 4.50
3.6-4.0 Years 4.40 4.70
4.1-4.5 Years 4.60 4.80
4.6-5.0 Years 4.60 4.70
6.6-7.0 Years 5.75 5.90
7.1-7.5 Years 5.90 6.15
7.6-8.0 Years 6.15 6.30
8.1-8.5 Years 6.20 6.27
8.6-9.0 Years 6.30 6.36
9.1-9.5 Years 6.35 6.38
9.6-10.0 Years 6.31 6.33
15 Years 7.15 7.25
20 Years 7.15 8.25
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FIB Secondary Market Date
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Maturity Yield Range
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0.1-0.5 Years 1.50 2.00
0.6-1.0 Years 2.00 2.40
1.1-1.5 Years 2.20 2.70
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 2.25 4.25
03 Months 2.50 4.50
06 Months 2.75 4.75
12 Months 3.00 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 1.30-1.60
16-30 Days 1.20-1.50
31-60 Days 1.40-1.70
61-90 Days 1.40-1.70
91-120 Days 1.40-1.70
121-180 Days 1.50-1.80
181-270 Days 1.60-1.90
271-365 Days 1.80-2.25
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Kerb Market FX Rate
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Currency Bid Offer
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USD 57.45 57.52
EUR 71.10 71.35
GBP 105.90 106.25
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