|
The past week no intervention was seen by Central
bank which kept short term rates under pressure, funds in one and two
weeks were available in the band of 8.75% and 7.75%, against the bids at
8.25% and 7.25%. One month remain unmoved and quoted in the band of
6.30% and 6.75% throughout the week. The most significance of the week
was activity in long term as from the past few months banks preferred to
cover their position in short term. Activity in three months were
witnessed around 5.90% and deals in six months tenor was witnessed as
low as 5.75%, this ease in rates were temporary later rates bounced back
to higher side near the close of the week. This week SBP conducted its
T-bill auction and heavy participation of around Rs. 55.00 billion was
reported against the target amount of Rs. 4.00 billion. Central Bank
rejected all the bids in the designated papers. After the T-bill auction
aggressive buying was witnessed, but no major trades were witnessed due
to the unavailability of offers, but aggressive trading in PIBs were
witnessed and deals in three, five and ten year PIBs were struck as low
as 7.00%, 7.85% and 8.85%.
| YIELD PROFILE |
FEDERAL INVESTMENT BONDS |
| . |
THIS
WEEK |
1
WEEK AGO |
1
YEAR AGO |
|
1 Year |
06.40 |
06.50 |
11.00% |
|
2 Year |
06.75 |
06.75 |
11.50% |
|
3 Year |
07.00 |
07.10 |
12.00% |
|
4 Year |
07.50 |
08.00 |
12.00% |
|
5 Year |
08.80 |
08.10 |
12.75% |
|
10 Year |
09.85 |
09.20 |
13.50% |
| AUCTIONS |
|
BID
DATE
|
INSTRUMENT
|
RESULT
|
SETTLEMENT
|
| Oct
02 |
T-BILL |
Oct
02
|
Oct
03 |
|
TARGET AMOUNT
|
BID
AMOUNT
|
ACCEPTED
AMOUNT
|
|
Rs.4,000 Mln
|
Rs.55,690 Mln
|
Nil
|
| MATURITIES |
INSTRUMENT |
DATE |
AMOUNT |
|
T-Bill |
03 Oct
|
4,100 Mln. |
|
T-Bill |
17
Oct
|
6,950 Mln. |
|
T-Bill |
31 Oct
|
29,900 Mln. |
REPO RATES |
|
THIS WEEK |
1 WEEK AGO |
1 YEAR AGO |
|
Overnight |
08.90 |
08.90 |
11.90 |
|
1 Week |
08.50 |
08.25 |
10.00 |
|
1 Month |
06.65 |
06.50 |
09.55 |
|
3 Month |
06.00 |
05.60 |
09.80 |
|
6 Month |
06.00 |
05.80 |
10.15 |
|
1 Year |
06.35 |
06.25 |
10.55 |
| TREASURY
BILL RATES |
| MATURING |
THIS WEEK |
1 WEEK AGO |
1 YEAR AGO |
|
1 Month |
07.00 |
06.80 |
10.55 |
|
2 Month |
06.20 |
06.10 |
09.80 |
|
3 Month |
06.10 |
05.85 |
09.90 |
|
4 Month |
06.10 |
05.75 |
10.00 |
|
5 Month |
06.10 |
05.80 |
10.15 |
|
|
