DAILY MONEY MARKET COMMENTS: Today money market rates were initiated at the level of 8.60%-8.75%. However, in clean and call placements the overnight interest rates were at 9.50%-10.00%. Today money market closed at the level of 8.90%.
SBP conducted auction for the sales of 3,6 & 12 months treasury bills and accepted PKR 4.9 bln in 3 months @ 8.10%, 250 mln in 6 months @ 8.1388% and 14.6 bln @ 8.7907% in 12 months against the total participation of PKR 28 bln.
Keeping in view of today's interbank market we believe that on Thursday overnight repo rates will remain at the levels of 8.50% - 8.90%.
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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 8.50 8.90 8.75 8.95 8.78
1-Week 8.25 8.40 8.60 8.70 8.49
2-Week 8.25 8.40 8.50 8.60 8.44
1-Month 8.30 8.40 8.35 8.50 8.39
2-Months 8.25 8.40 8.40 8.50 8.39
3-Months 8.20 8.35 8.35 8.45 8.34
4-Months 8.25 8.40 8.35 8.55 8.39
5-Months 8.25 8.40 8.35 8.60 8.40
6-Months 8.25 8.40 8.40 8.60 8.41
9-Months 8.25 8.50 8.50 8.65 8.48
1-Year 8.45 8.60 8.70 8.80 8.64
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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 9.00 9.75 9.25 10.00 9.50
1-Week 8.40 8.75 8.60 8.80 8.64
2-Week 8.40 8.75 8.60 9.00 8.69
1-Month 8.40 9.00 8.75 9.50 8.91
2-Months 8.50 9.25 8.75 9.75 9.06
3-Months 8.60 9.50 9.00 9.75 9.21
4-Months 8.65 9.60 9.00 10.00 9.31
5-Months 8.70 9.75 9.00 10.00 9.36
6-Months 8.75 9.75 9.00 10.00 9.38
9-Months 8.80 9.75 9.25 10.00 9.45
1-Year 8.80 9.80 9.35 10.20 9.54
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PIB Secondary Market Data
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Maturity Yield Range
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0.1-0.5 Years 8.45 8.70
0.6-1.0 Years 8.75 8.85
1.1-1.5 Years 8.95 9.15
1.6-2.0 Years 8.90 9.05
2.1-2.5 Years 8.90 9.00
2.6-3.0 Years 8.95 9.15
3.1-3.5 Years 9.00 9.20
3.6-4.0 Years 9.00 9.25
4.1-4.5 Years 9.10 9.25
4.6-5.0 Years 9.20 9.35
5.1-5.5 Years 9.25 9.35
5.6-6.0 Years 9.30 9.40
6.1-6.5 Years 9.30 9.45
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 9.50
8.6-9.0 Years 9.03 9.07
15 Years 10.50 10.75
20 Years 10.75 11.00
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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 8.30
0.6-1.0 Years 8.40 8.75
1.1-1.5 Years 8.80 8.90
1.6-2.0 Years 9.00 9.15
2.1-2.5 Years 9.00 9.10
2.6-3.0 Years 9.05 9.25
3.1-3.5 Years 9.10 9.30
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Clean Deposit Market
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Tenor Range (% p a)
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1 Month 9.40 9.80
3 Months 9.50 10.00
6 Months 9.75 10.25
12 Months 10.25 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 8.70-9.00
8-15 Days 8.40-8.75
16-30 Days 8.25-8.40
31-60 Days 8.20-8.30
61-90 Days 8.20-8.30
91-120 Days 8.25-8.35
121-180 Days 8.25-8.40
181-270 Days 8.60-8.75
271-365 Days 8.75-8.80
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Kerb Market FX Rate
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Currency Bid Offer
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USD 59.90 60.00
EUR 72.00 72.20
GBP 106.00 106.20
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