Kenya Bond Market Update: 06 November 2024

Published on
November 6, 2024
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Wednesday Trumping
 

Looking like we have a new President Elect in the States that are United. Locally, we will have the auction results for the re-opened FXD1/2023/10Yr and FXD1/2022/15Yr later on and these will be shared once released. For your other trading activities for the day, below is a snapshot of what is at play within the secondary market for your consideration. Happy hunting!

**links to the attachments are to be found at the bottom of this note
Below are the two-way quotes for the benchmark tenors:
 
Indicative Two-Way Quotes - Benchmark Tenors
Benchmark Tenor Bid (%) Offer (%) Mov (t-t0)%
1Yr 15.20 14.80 0.00
2Yr 15.50 15.20 0.00
5yr 16.50 16.00 0.00
10yr 17.00 16.50 0.00
15yr 16.50 16.00 0.00
20yr 16.50 16.00 0.00
25yr 16.50 16.00 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 14.50 14.00 0.00
IFB1/2016/9 (IFB10) May-25 14.50 14.00 0.00
IFB1/2015/12 (IFB8) Mar-27 14.70 14.30 0.00
IFB1/2017/12 (IFB12) Feb-29 14.90 14.50 0.00
IFB1/2016/15 (IFB11) Oct-31 14.90 14.60 0.00
IFB1/2018/15 (IFB14) Jan-33 15.00 14.70 0.00
IFB1/2018/20 (IFB15) Oct-38 15.20 14.90 0.00
IFB1/2019/25 (IFB16) Feb-44 15.50 15.00 0.00
IFB1/2019/16 (IFB17) Oct-35 15.30 14.75 0.00
IFB1/2020/9 (IFB18) Apr-29 15.00 14.70 0.00
IFB1/2020/6 (IFB19) May-26 15.00 14.50 0.00
IFB1/2020/11 (IFB20) Aug-31 15.00 14.70 0.00
IFB1/2021/16 (IFB21) Jan-37 15.20 14.80 0.00
IFB1/2021/18 (IFB22) Mar-39 15.30 14.80 0.00
IFB1/2021/21 (IFB23) Aug-42 15.50 15.00 0.00
IFB1/2022/19 (IFB24) Jan-41 15.50 15.00 0.00
IFB1/2022/18 (IFB25) May-40 15.30 14.80 0.00
IFB1/2022/14 (IFB26) Oct-36 15.30 14.80 0.00
IFB1/2022/6 (IFB27) Nov-28 14.70 14.30 0.00
IFB1/2023/17 (IFB28) Feb-40 14.90 14.60 0.00
IFB1/2023/7 (IFB29) Jun-30 14.90 14.50 0.00
IFB1/2023/6.5 (IFB30) May-30 14.80 14.50 0.00
IFB1/2024/8.5 (IFB31) Aug-32 14.90 14.50 0.00
 
Key  Interest Rates   Mov (bps)
O/N Interbank 12.0728% 1.26
91 Day T-bill 13.9656% -46.65
182 Day T-bill 14.5233% -62.34
364 Day T-bill 14.9684% -50.07
Central Bank Rate (CBR) 12.00% -75.00
Inflation 2.70% -90.00
Below are links to the bond positions available today and the November 2024 bond auction prospectus.
 
Bond Positions
November 2024 Bond Auction Prospectus
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