DAILY MONEY MARKET COMMENTS: Today morning the money market rats were indicated between the bids and offer range of 0.50% to 1.00%. SBP conducted OMO in 2 weeks to drain out the excess liquidity from the market end accepted Rs 39.60 billion @ 3.95%. After the announcement of OMO market moved to the level of 2.50% to 3.00%. Few repo deals were seen at the level of 2.50%. After the result of OMO overnight rates were seen at he level of 1.00% to 2.00%. As the day progressed, the gap between bids and offers narrowed down and first Repo deal was witnessed at the level of 1.00%. Most of the overnight repo deals were done at the level of 1.50%. There are very few banks who borrowed in overnight repo at 1.00%. However in clean & call placements the overnight interest rates were keeping in view today money market we believe that tomorrow money market rates will remain on the same level since there is no inflow or outflow from the market.
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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 0.50 2.00 1.50 3.00 1.75
1-Week 1.25 1.75 2.00 2.75 1.94
2-Week 3.25 3.50 3.75 4.00 3.63
1-Month 3.50 3.75 4.00 4.25 3.88
2-Months 3.75 4.25 4.50 4.75 4.31
3-Months 4.25 4.75 4.75 5.25 4.75
4-Months 4.30 4.90 5.00 5.50 4.93
5-Months 4.40 5.00 5.10 5.75 5.06
6-Months 4.50 5.00 5.25 5.75 5.13
9-Months 5.00 5.50 5.75 6.25 5.63
1-Year 5.25 5.50 6.00 6.50 5.81
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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 1.00 2.50 2.00 3.00 2.13
1-Week 2.00 2.50 2.75 3.25 2.63
2-Week 3.75 4.00 4.00 4.50 4.06
1-Month 4.00 4.25 4.50 4.75 4.38
2-Month 4.25 4.75 5.00 5.25 4.81
3-Month 4.75 5.25 5.25 5.75 5.25
4-Month 4.80 5.20 5.50 6.00 5.38
5-Month 5.00 5.50 5.75 6.25 5.63
6-Month 5.20 5.50 5.90 6.25 5.71
9-Month 5.50 6.00 6.25 6.75 6.13
1-Year 5.75 6.00 6.75 7.00 6.38
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PIB Secondary Market Data
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Maturity Yield Range
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0.1-0.5 Years 5.00 5.25
0.6-1.0 Years 5.50 5.90
1.1-1.5 Years 5.75 6.10
1.6-2.0 Years 6.15 6.30
2.1-2.5 Years 6.35 6.50
2.6-3.0 Years 6.50 6.60
3.1-3.5 Years 6.80 7.10
3.6-4.0 Years 7.10 7.30
4.1-4.5 Years 7.25 7.40
4.6-5.0 Years 7.50 7.60
5.6-6.0 Years 7.90 8.00
6.1-6.5 Years 8.00 8.10
6.6-7.0 Years 8.07 8.17
7.1-7.5 Years 8.15 8.24
7.6-8.0 Years 8.15 8.25
8.1-8.5 Years 8.15 8.30
8.6-9.0 Years 8.20 8.30
9.1-9.5 Years 8.25 8.35
9.6-10.0 Year 8.33 8.38
15 Years 9.25 9.35
20 Years 10.25 10.35
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FIB Secondary Market Data
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Maturity Yield Range
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0.1-0.5 Years 5.25 5.50
0.6-1.0 Years 5.50 5.75
1.1-1.5 Years 6.00 6.25
1.6-2.0 Years 6.25 6.50
2.1-2.5 Years 6.50 6.75
2.6-3.0 Years 6.70 6.90
3.1-3.5 Years 7.00 7.25
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Clean Deposit Market
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Tenor Range (% p a)
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01 Month 5.50 6.00
03 Months 6.25 7.00
06 Months 6.75 7.50
12 Months 7.25 8.00
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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 2.70-2.90
8-15 Days 3.45-3.55
16-30 Days 4.05-4.15
31-60 Days 4.40-4.55
61-90 Days 4.60-4.75
91-120 Days 4.75-4.85
121-180 Days 4.95-5.05
181-270 Days 5.10-5.20
271-365 Days 5.30-5.40
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Kerb Market FX Rate
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Currency Bid Offer
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USD 59.53 59.58
EUR 77.60 77.90
GBP 112.30 112.60
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