Independence Day
This is the day we remember when the bravery of Will Smith saved the world from an alien invasion in 1996. I know some of you may have forgotten, so here is the link to serve as a reminder; https://www.youtube.com/watch?v=B1E7h3SeMDk.
Back to the market, attached is the CBK weekly report to assist in your reading of the market while updated benchmark Yield Curve levels are to be found on the attached pricelist. I have also attached the NSE Implied Yields for the NSE’s valuations of all the treasuries. Below is a snapshot of what is at play within the secondary market for your consideration. Happy hunting and good luck with the week ahead!
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Indicative Two-Way Quotes - Benchmark Tenors |
Benchmark Tenor |
Bid (%) |
Offer (%) |
Mov (t-t0)% |
1Yr |
10.20 |
10.00 |
0.00 |
2Yr |
11.00 |
10.55 |
0.00 |
5Yr |
12.50 |
12.20 |
0.00 |
10Yr |
13.55 |
13.50 |
0.00 |
15Yr |
13.95 |
13.85 |
0.00 |
20Yr |
14.00 |
13.85 |
0.00 |
25Yr |
14.00 |
13.90 |
0.00 |
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Indicative Two-Way Quotes - IFB Series |
IFB Series |
Maturity |
Bid (%) |
Offer (%) |
Mov (t-t0)% |
IFB1/2017/7 |
Nov-24 |
11.60 |
11.00 |
0.00 |
IFB1/2016/9 |
May-25 |
11.50 |
11.00 |
0.00 |
IFB1/2015/12 |
Mar-27 |
11.50 |
11.00 |
0.00 |
IFB1/2017/12 |
Feb-29 |
12.00 |
11.00 |
0.00 |
IFB1/2016/15 |
Oct-31 |
12.75 |
12.50 |
0.00 |
IFB1/2018/15 |
Jan-33 |
13.10 |
12.80 |
0.00 |
IFB1/2018/20 |
Oct-38 |
13.20 |
12.70 |
0.00 |
IFB1/2019/25 |
Feb-44 |
13.50 |
12.90 |
0.00 |
IFB1/2019/16 |
Oct-35 |
13.80 |
13.00 |
0.00 |
IFB1/2020/9 |
Apr-29 |
11.40 |
11.25 |
0.00 |
IFB1/2020/6 |
May-26 |
11.75 |
11.00 |
0.00 |
IFB1/2020/11 |
Aug-31 |
13.75 |
13.00 |
0.00 |
IFB1/2021/16 |
Jan-37 |
13.50 |
12.90 |
0.00 |
IFB1/2021/18 |
Mar-39 |
13.70 |
13.00 |
0.00 |
IFB1/2021/21 |
Aug-42 |
13.80 |
13.70 |
0.00 |
IFB1/2022/19 |
Jan-41 |
13.80 |
13.50 |
0.00 |
IFB1/2022/18 |
May-40 |
13.85 |
13.775 |
0.01 |
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Key Interest Rates |
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Mov (bps) |
O/N Interbank |
5.5194% |
19.12 |
91 Day T-bill |
8.097% |
8.40 |
182 Day T-bill |
9.196% |
3.30 |
364 Day T-bill |
9.985% |
1.10 |
Inflation |
7.91% |
81.00 |
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