. .



1_popup_home.gif (1391 bytes) market.gif (6606 bytes)

FINEX WEEK

  1. The KASB review
  2. Finex week

Updated on Nov 15, 1999

Short term rates slid during the week with the market closing long. Overnight trades were traded between 10.00% and l2.90% but after the T-Bill maturity and the OMO injection on the 10th and 11th respectively the market fell to as low as 2.00% at the end of the week on Saturday. The term market was active throughout the week with bank still looking to cover their year end positions. The one month rates fell the most, with offers falling to as low as 7.25% at one point, which later rose back. Trades were conducted between 7.50% and 7.75%. Borrowing pressure in two and three months kept offers sidelined. Bids and offers in three months did ease off from 9.25% and 9.60% to 8.80% and 9.10% after the inflows but offers for large amounts were lacking from the market. The six month tenor was also inactive rates closing between 9.40% and 9.70% at the end of the week. The State Bank has asked banks and DFIs to keep their branches open on Sunday in order to facilitate the defaulters. A net inflow of Rs. 9.0 billion is expected during the coming week by way of OMO and T-Bill maturities, but with the T-Bill auction also scheduled, rates should manage to firm up during the later half of the week.

 

YIELD PROFILE

 

FEDERAL INVESTMENT BONDS

  THIS WEEK 1 WK AGO 1 YR AGO
I Year 11.25 10.70 13.30%
2 Year 12.00 11.00 13.30%
3 Year 12.75 13.00 14.00%
4 Year 13.25 13.25 14.25%
5 Year 13.75 13.75 14.50%
10 Year 14.50 14.25 15.50%

 


 

AUCTIONS
Bid Date Instrument Result Settlement
Nov 03 T-BILL Nov 03 Nov 04
Amount
Asked
Bid
Amount
1 Year
Ago
Rs.29.9 Bln. Rs.40.150 Bln Rs.28.375

 


 

MATURITIES
Instrument Data Amount
T-Bills 05 Nov 26,420 Mln
T-Bills 10 Nov 3,550 Mln
T-Bills 17 Nov 5,000 Mln
T-Bills 26 Nov 800 Mln

 


 

REPO RATES

 

This Week

1 Wk Ago

1 Yr. Ago

Overnight 04.50 08.50 00.75
1 Week 05.50 07.00 03.00
1 Month 07.50 08.35 07.15
3 Month 09.00 08.70 09.00
6 Month 09.50 09.70 11.25
1 Year 10.25 10.70 N. A.

 


 

TREASURY BILL RATES
Maturing This Week 1 Wk Ago 1 Yr Ago
1 Month 08.50 09.00 08.25
2 Month 09.10 09.10 09.00
3 Month 09.25 09.15 10.00
4 Month 09.40 09.25 10.50
5 Month 09.70 09.50 11.25