KPLC taking tips from Eskom as the country once again faces a blackout. This does not excuse anyone from not working so please let us pay attention to the contents of this note. Attached are this week’s T-bill auction results as the rates within this space continue their downward trajectory. The auction was also oversubscribed on the back of heavy maturities. For your trading activities today, below is a snapshot of what is at play within the secondary market for your consideration. Happy hunting!
**Links to the attachments below the note (please let me know what you think of this change)
Below are the two-way quotes for the benchmark tenors:
Indicative Two-Way Quotes - Benchmark Tenors
Benchmark Tenor
Bid (%)
Offer (%)
Mov (t-t0)%
1Yr
17.00
16.80
0.00
2Yr
18.00
17.50
0.00
5yr
18.50
18.00
0.00
10yr
16.50
16.00
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
15.50
15.00
0.00
IFB1/2016/9 (IFB10)
May-25
16.00
15.00
0.00
IFB1/2015/12 (IFB8)
Mar-27
15.50
15.00
0.00
IFB1/2017/12 (IFB12)
Feb-29
16.00
15.00
0.00
IFB1/2016/15 (IFB11)
Oct-31
16.50
16.00
0.00
IFB1/2018/15 (IFB14)
Jan-33
16.50
16.00
0.00
IFB1/2018/20 (IFB15)
Oct-38
16.50
16.00
0.00
IFB1/2019/25 (IFB16)
Feb-44
16.50
16.00
0.00
IFB1/2019/16 (IFB17)
Oct-35
16.50
16.20
0.00
IFB1/2020/9 (IFB18)
Apr-29
16.50
16.00
0.00
IFB1/2020/6 (IFB19)
May-26
16.50
16.00
0.00
IFB1/2020/11 (IFB20)
Aug-31
17.00
16.00
0.00
IFB1/2021/16 (IFB21)
Jan-37
16.50
16.00
0.00
IFB1/2021/18 (IFB22)
Mar-39
16.50
16.30
0.00
IFB1/2021/21 (IFB23)
Aug-42
16.70
16.50
0.00
IFB1/2022/19 (IFB24)
Jan-41
17.30
16.00
0.00
IFB1/2022/18 (IFB25)
May-40
16.60
16.00
0.00
IFB1/2022/14 (IFB26)
Oct-36
16.60
16.00
0.00
IFB1/2022/6 (IFB27)
Nov-28
16.50
16.00
0.00
IFB1/2023/17 (IFB28)
Feb-40
17.75
17.50
0.00
IFB1/2023/7 (IFB29)
Jun-30
16.90
16.20
0.00
IFB1/2023/6.5 (IFB30)
May-30
17.60
17.45
0.00
IFB1/2024/8.5 (IFB31)
Aug-32
17.60
17.45
0.00
Key Interest Rates
Mov (bps)
O/N Interbank
12.5921%
-3.75
91 Day T-bill
15.7677%
-1.67
182 Day T-bill
16.6255%
-0.72
364 Day T-bill
16.8228%
-1.93
Central Bank Rate (CBR)
12.75%
-25.00
Inflation
4.40%
10.00
Attached are the bond positions available today, this week’s T-bill auction results and the September 2024 Bond Prospectus.
