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View this email in your browser World Wildlife Day    Today the world marks Wildlife Day and just like we tend to enjoy wildlife from a safe distance with little interaction, bond market traders are acting in the very same way within the secondary market as they keep a safe distance from bonds. There has been an improvement in liquidity levels and this will hopefully translate into some interactions with the ‘wildlife’ available to us. Below is a snapshot of what is at play within the secondary market for your consideration. Happy hunting!   Indicative Two-Way Quotes - Benchmark Tenors Benchmark Tenor Bid (%) Offer (%) Mov (t-t0)% 1Yr 9.90 9.70 0.00 2Yr 10.55 10.20 0.00 5Yr 11.90 11.35 0.00 10Yr 12.90 12.60 0.00 15Yr  13.00 12.80 0.00 20Yr 13.80 13.70 0.00 25Yr 14.00 13.70 0.05   Indicative Two-Way Quotes - IFB Series IFB series Maturity Bid (%) Offer (%) Mov (t-t0)% IFB1/2017/7 (IFB13) Nov-24 10.00 9.50 0.00 IFB1/2016/9 (IFB10) May-25 10.00 9.60 0.00 IFB1/2015/12 (IFB8) Mar-27 10.00 9.50 0.00 IFB1/2017/12 (IFB12) Feb-29 10.80 10.60 0.00 IFB1/2016/15 (IFB11) Oct-31 11.40 11.20 0.00 IFB1/2018/15 (IFB14) Jan-33 12.25 11.90 0.00 IFB1/2018/20 (IFB15) Oct-38 12.00 11.80 0.00 IFB1/2019/25 (IFB16) Feb-44 12.50 12.20 0.00 IFB1/2019/16 (IFB17) Oct-35 12.35 12.15 0.00 IFB1/2020/9 (IFB18) Apr-29 11.30 11.00 0.00 IFB1/2020/6 (IFB19) May-26 10.10 9.70 0.00 IFB1/2020/11 (IFB20) Aug-31 12.30 12.00 0.00 IFB1/2021/16 (IFB21) Jan-37 12.40 12.30 0.00 IFB1/2021/18 (IFB22) Mar-39 12.55 12.30 0.00 IFB1/2021/21 (IFB23) Aug-42 12.80 12.65 0.13 IFB1/2022/19 (IFB24) Jan-41 13.00 12.93 0.06   Key Interest Rates   Mov (bps) O/N Interbank 5.5211% -3.87 91 Day T-bill 7.254% 0.40 182 Day T-bill 8.062% -1.30 364 Day T-bill 9.764% 4.00 Inflation 5.39% -34.00   Bond Positions Available Today Bond Auction Prospectus - March 2022 Trade Now MATHANGANI KARIUKI Director | Bespoke Securities Director, Interest Rates | AKN Investments +254 (0) 732472655 Eikon Messenger:  mathanganik@bespokesecurities.co.ke View Previous Market Updates Share Tweet Share Copyright © 2021 Bespoke Securities Limited, All Rights Reserved.

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