Day 2, how we do!
Sale period for the FXD1/2020/5Yr closes today. Please make sure your bids are submitted in good time. The CBK’s cut-off time for receiving bids is 2.00 P.M. There are no changes to my expectations and as a quick reminder, below is how I see it playing out:
- FXD1/2020/5Yr (3.4 years): average of 11.05% - 11.15%, with the cut-off to come in 15 - 20bps away from the average.
I have attached inflation data for December 2021, where the overall year on year inflation came in at 5.73%.
Below is a snapshot of what is at play within the secondary market. Happy hunting and wishing you the best with this auction!
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