Below is a snapshot of what is at play within the secondary market for your consideration. Happy hunting!
Below are the two-way quotes for the benchmark tenors:
Indicative Two-Way Quotes - Benchmark Tenors
Benchmark Tenor
Bid (%)
Offer (%)
Mov (t-t0)%
1Yr
11.75
11.25
0.00
2Yr
13.75
13.20
0.00
5yr
14.20
14.00
0.00
10yr
14.30
14.10
0.00
15yr
14.60
14.30
0.00
20yr
14.75
14.40
0.00
25yr
14.75
14.40
0.00
Below are details of the two-way quotes for the infrastructure bonds and the key rates:
Indicative Two-Way Quotes - IFB Series
IFB series
Maturity
Bid (%)
Offer (%)
Mov (t-t0)%
IFB1/2017/7 (IFB13)
Nov-24
13.20
12.70
0.00
IFB1/2016/9 (IFB10)
May-25
13.20
12.60
0.00
IFB1/2015/12 (IFB8)
Mar-27
13.30
13.00
0.00
IFB1/2017/12 (IFB12)
Feb-29
13.80
13.00
0.00
IFB1/2016/15 (IFB11)
Oct-31
14.00
13.00
0.00
IFB1/2018/15 (IFB14)
Jan-33
14.50
14.10
0.10
IFB1/2018/20 (IFB15)
Oct-38
14.75
14.00
0.18
IFB1/2019/25 (IFB16)
Feb-44
15.00
14.00
0.25
IFB1/2019/16 (IFB17)
Oct-35
14.50
13.80
0.15
IFB1/2020/9 (IFB18)
Apr-29
13.75
13.50
0.00
IFB1/2020/6 (IFB19)
May-26
13.00
12.00
0.00
IFB1/2020/11 (IFB20)
Aug-31
14.50
14.10
0.20
IFB1/2021/16 (IFB21)
Jan-37
15.00
14.20
0.50
IFB1/2021/18 (IFB22)
Mar-39
15.00
14.20
0.50
IFB1/2021/21 (IFB23)
Aug-42
15.00
14.50
0.00
IFB1/2022/19 (IFB24)
Jan-41
15.00
14.00
0.35
IFB1/2022/18 (IFB25)
May-40
15.00
14.00
0.35
IFB1/2022/14 (IFB26)
Oct-36
14.75
14.00
0.23
IFB1/2022/6 (IFB27)
Nov-28
13.30
13.20
0.00
IFB1/2023/17 (IFB28)
Feb-40
14.75
14.40
0.10
Key Interest Rates
Mov (bps)
O/N Interbank
9.3493%
1.30
91 Day T-bill
11.103%
27.10
182 Day T-bill
11.112%
-0.10
364 Day T-bill
11.497%
4.00
Central Bank Rate (CBR)
9.50%
0.00
Inflation
8.00%
10.00
Attached are the bond positions available today, End Month NSE Implied Yields, T-bill auction results, Inflation data for May 2023 and the IFB1/2023/7Yr bond prospectus.