DAILY MONEY MARKET COMMENTS: Today money market rates were initiated at the level of 8.90%. However, in clean & call placements the overnight interest rates were at 9.75% - 10.00%. Today money market closed at the level of 8.90%. SBP reported a discounting of PKR 5.6 billion.
Keeping in view of today's interbank market we believe that on Tuesday overnight repo rates will remain at the level of 8.75% - 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 8.75 8.90 8.90 8.90 8.86
1-Week 8.65 8.75 8.80 8.90 8.78
2-Week 8.40 8.65 8.70 8.90 8.66
1-Month 8.40 8.45 8.55 8.65 8.51
2-Months 8.35 8.50 8.50 8.60 8.49
3-Months 8.35 8.50 8.50 8.65 8.50
4-Months 8.35 8.50 8.55 8.65 8.51
5-Months 8.40 8.50 8.55 8.70 8.54
6-Months 8.40 8.55 8.60 8.70 8.56
9-Months 8.45 8.60 8.65 8.75 8.61
1-Year 8.50 8.60 8.75 8.85 8.68
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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 9.50 9.50 10.00 9.50
1-Week 8.90 9.25 9.50 10.00 9.41
2-Week 8.75 9.25 9.50 9.75 9.31
1-Month 8.75 9.00 9.25 9.50 9.13
2-Months 8.60 9.25 9.25 9.75 9.21
3-Months 8.75 9.50 9.00 9.90 9.29
4-Months 8.75 9.50 9.00 10.00 9.31
5-Months 8.80 9.60 9.25 10.00 9.41
6-Months 8.75 9.75 9.15 10.00 9.41
9-Months 8.80 9.75 9.35 10.00 9.48
1-Year 9.10 10.00 9.70 10.20 9.75
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PIB Secondary Market Data
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Maturity Yield Range
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0.1-0.5 Years 8.35 8.60
0.6-1.0 Years 8.75 8.80
1.1-1.5 Years 8.85 9.05
1.6-2.0 Years 8.90 9.05
2.1-2.5 Years 8.90 9.00
2.6-3.0 Years 9.00 9.05
3.1-3.5 Years 9.00 9.10
3.6-4.0 Years 9.00 9.15
4.1-4.5 Years 9.10 9.25
4.6-5.0 Years 9.20 9.35
5.1-5.5 Years 9.20 9.30
5.6-6.0 Years 9.25 9.35
6.1-6.5 Years 9.30 9.40
6.6-7.0 Years 9.30 9.40
7.1-7.5 Years 9.30 9.40
7.6-8.0 Years 9.30 9.45
8.1-8.5 Years 9.40 9.50
8.6-9.0 Years 9.00 9.05
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 9.10 9.15
3.1-3.5 Years 9.10 9.20
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Clean Deposit Market
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Tenor Range (% p a)
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1 Month 9.50 9.90
3 Months 9.60 10.00
6 Months 10.00 10.50
12 Months 10.50 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 8.85-9.40
8-15 Days 8.75-9.25
16-30 Days 8.25-8.50
31-60 Days 8.15-8.40
61-90 Days 8.15-8.35
91-120 Days 8.25-8.40
121-180 Days 8.35-8.45
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 59.75 59.85
EUR 70.50 70.90
GBP 104.50 105.00
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