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View this email in your browser Best Friday   The Government has declared Monday a public holiday marking Idd-ul-Adha for the Muslim community.  The Tap Sale results of the IFB1/2022/18Yr were surprisingly dismal. I had expected a better showing given the attractive yield on offer but the CBK was only able to lock in KES 6.4Bn. The T-bills on the other hand improved significantly from last week’s poor showing as the CBK managed to meet their target by locking in KES 24.2Bn. I have attached these results for your perusal. Below is a snapshot of what is at play within the secondary market for your consideration. Happy hunting and enjoy the long weekend ahead!   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 13.80 0.00 20Yr 14.00 13.80 0.00 25Yr 14.00 13.80 0.00   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 11.20 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 13.50 13.00 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 13.80 13.70 -0.03   Key Interest Rates   Mov (bps) O/N Interbank 5.8946% 0.68 91 Day T-bill 8.167% 7.00 182 Day T-bill 9.253% 5.70 364 Day T-bill 9.980% -0.50 Inflation 7.91% 81.00   Bond Positions Available Today IFB1/2022/18Yr Tap Sale Results T-Bill Auction Results Bond Auction Prospectus - July 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 © 2022 Bespoke Securities Limited, All Rights Reserved.

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