DAILY MONEY MARKET COMMENTS: Today money market rates initiated at the level of 3.25% - 4.00%. However, in clean & call placements the overnight interest rates were at 4.00% - 7.50%. Today money market closed at the level of 3.00%. SBP conducted OMO for 6 days and mopped up 9.5 billion @ 7%.
Keeping in view today's interbank market we believe that on Saturday overnight repo rates would remain at the level of 5.50% - 6.50% if no OMO is conducted.
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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 3.00 4.50 4.00 6.00 4.38
1-Week 6.30 6.50 6.75 7.00 6.64
2-Week 7.00 7.20 7.25 7.35 7.20
1-Month 7.10 7.25 7.60 7.75 7.43
2-Months 7.25 7.40 7.60 8.00 7.56
3-Months 7.50 7.75 8.00 8.25 7.88
4-Months 7.75 8.00 8.25 8.30 8.08
5-Months 8.00 8.25 8.35 8.40 8.25
6-Months 8.20 8.35 8.40 8.60 8.39
9-Months 8.40 8.50 8.60 8.65 8.54
1-Year 8.50 8.55 8.65 8.75 8.61
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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 4.25 5.50 5.50 7.00 5.56
1-Week 6.75 7.00 7.50 8.00 7.31
2-Week 7.25 8.00 8.00 8.50 7.94
1-Month 8.00 9.00 8.75 9.50 8.81
2-Months 8.10 8.50 8.50 9.25 8.59
3-Months 8.50 9.00 9.00 9.75 9.06
4-Months 8.50 9.00 9.25 9.50 9.06
5-Months 8.90 9.25 9.25 9.50 9.23
6-Months 9.00 9.25 9.25 9.50 9.25
9-Months 9.00 9.50 9.50 10.00 9.50
1-Year 9.25 10.00 9.75 10.25 9.81
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PIB Secondary Market Data
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Maturity Yield Range
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0.1-0.5 Years 8.00 8.30
0.6-1.0 Years 8.50 8.75
1.1-1.5 Years 8.60 8.90
1.6-2.0 Years 8.65 8.95
2.1-2.5 Years 8.75 9.00
2.6-3.0 Years 8.80 9.00
3.1-3.5 Years 8.90 9.05
3.6-4.0 Years 8.95 9.10
4.1-4.5 Years 8.95 9.10
4.6-5.0 Years 9.05 9.15
5.1-5.5 Years 9.10 9.20
5.6-6.0 Years 9.15 9.20
6.1-6.5 Years 9.15 9.25
6.6-7.0 Years 9.20 9.30
7.1-7.5 Years 9.25 9.35
7.6-8.0 Years 9.25 9.35
8.1-8.5 Years 9.00 9.10
8.6-9.0 Years 9.05 9.10
15 Years 10.40 10.50
20 Years 10.80 10.90
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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 8.75 9.05
2.1-2.5 Years 8.85 9.10
2.6-3.0 Years 8.90 9.10
3.1-3.5 Years 9.00 9.15
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Clean Deposit Market
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Tenor Range (% p a)
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1 Month 9.00 10.25
3 Months 9.75 10.25
6 Months 10.25 11.00
12 Months 10.50 11.50
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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 6.75-7.25
8-15 Days 7.25-7.75
16-30 Days 7.25-8.00
31-60 Days 7.50-8.00
61-90 Days 7.90-8.20
91-120 Days 8.10-8.25
121-180 Days 8.20-8.35
181-270 Days 8.40-8.50
271-365 Days 8.70-8.77
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Kerb Market FX Rate
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Currency Bid Offer
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USD 59.95 60.00
EUR 70.70 70.90
GBP 103.00 103.20
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