MONDAY 8 February, 2010 
  HOME IN FOCUS MEDIA
WATCH		 EQUITY FOREX FIXED
INCOME		 TRAILBLAZER COMMODITY
         
Active Tenor    
     1 Week 11.90%-11.95%     
     1 Month 11.95%-12.00%     
     - 0     
Kibor    
    Tenor BID ASK     
    6 month 12.00      12.25     
Discounting    

     Amount

 -   
OMO    
  7 days rev - -    
    Accepted(bn) 91.60 - -    
    Cutoff 11.92 - -    

Yield Curve    

Repo Rates    

Outlook    

Sentiment
Sideways
Outlook
Trading in a thin range of 12.40 - 12.60.

 
 

Fixed Income Roundup
Outlook remains unchanged
Activity was seen in 1 week tenor at 11.90-11.95% and in 1 month tenor at 11.95-12.00%. SBP conducted an OMO (injection: 07 day) on February 06, 2010; offered amount stood at PKR94.1bn while accepted amount stood at PKR91.6bn at a rate of 11.92%. Outlook remains unchanged.
Fixed Income Rates
  % ON 1W 2W 1M 2M 3M 4M 5M 6M

1Y
 Bid 12.20 11.95 11.90 11.90 11.90 11.85 11.90 11.95 11.95 12.05
 Offer 12.40 12.10 12.00 12.00 12.00 12.00 12.05 12.10 12.10 12.30
                       
 Bid 12.25 12.00 11.95 11.95 12.05 12.10 12.10 12.10 12.20 12.40
 Offer 12.40 12.20 12.15 12.20 12.25 12.40 12.40 12.40 12.50 12.60
                       
 Bid 11.90 12.00 12.00 12.00 12.25 12.50 12.90 12.90 13.15 13.40
 Offer 12.00 12.25 12.30 12.50 12.75 12.80 13.25 13.25 13.50 13.75
                           
  Year 1 2 3 4 5 6 7 8 9 10 15 20
 Bid 12.15 12.30 12.32 12.40 12.40 12.55 12.52 12.55 12.55 12.55 12.85 13.15
 Offer 12.00 12.20 12.25 12.30 12.33 12.45 12.46 12.50 12.50 12.50 12.75 13.00
                           
 
International Yields
Country Policy Rate 3m Treasury 3m Swap 10yr G.Bond 
  PKR 12.50  12.00  -  12.53 
  USD 0.18  0.07  1.71  3.58 
  EURO 1.00  0.60  2.03  3.19 
  GBP 0.50  0.44  2.31  3.90 
  YEN 0.11  0.27  0.52  1.31 
  INR 6.00  3.78  4.55  7.70 
 
Tech Corner
Fixed Income technical chart
 
 
         
   Important Info  
 
  Board Meeting Calendar Closed End Fund Closed End Fund Monthly Report Grapevine Animal Spirit
 
     
 
 BMA BAPITAL - Pakistan's Premier Investment Group
  Capital Markets | Corporate Finance | Asset Management | Research | Retail Brokerage | Funds Distribution 		   www.bmacapital.com    
 


DISCLAIMER
This memorandum is produced by BMA Capital Management Limited and is only for the use of their clients. While the information contained herein is from sources believed reliable, we do not represent that it is accurate or complete and should not be relied upon as such. Opinions expressed may be revised at any time. This memorandum is for information only and is not an offer to buy or sell, or solicitation of any offer to buy or sell the securities mentioned.