Kenya Bond Market Update: 08 March 2024

Published on
March 8, 2024
*|MC:SUBJECT|*
View this email in your browser

International Women’s Day


To the one’s you truly run the world, may you be rewarded greatly for all you do! In the T-bill space, the incoming maturities continue to determine the interest shown as investors roll over their maturities into the new T-bills. The longer dated T-bills have been getting more attention recently as yields plateau as the Central Bank ensures the 17% mark is not crossed. Attached are the results in full for your perusal.Away from the T-bill space, below is a snapshot of what is at play within the secondary market for your consideration. Happy hunting!
Below are the two-way quotes for the benchmark tenors: 
Indicative Two-Way Quotes - Benchmark Tenors
Benchmark Tenor Bid (%) Offer (%) Mov (t-t0)%
1Yr 17.20 16.80 0.00
2Yr 18.40 18.00 0.00
5yr 18.60 18.20 0.00
10yr 17.00 16.50 0.00
15yr 16.50 16.00 0.00
20yr 16.50 16.00 0.00
25yr 16.30 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 17.20 16.90 0.00
IFB1/2016/9 (IFB10) May-25 15.85 15.75 0.00
IFB1/2015/12 (IFB8) Mar-27 17.30 17.00 0.00
IFB1/2017/12 (IFB12) Feb-29 17.00 16.00 0.00
IFB1/2016/15 (IFB11) Oct-31 17.00 16.50 0.00
IFB1/2018/15 (IFB14) Jan-33 17.65 17.35 0.00
IFB1/2018/20 (IFB15) Oct-38 17.50 17.00 0.00
IFB1/2019/25 (IFB16) Feb-44 18.00 17.50 0.00
IFB1/2019/16 (IFB17) Oct-35 17.65 17.35 0.00
IFB1/2020/9 (IFB18) Apr-29 14.75 14.50 0.00
IFB1/2020/6 (IFB19) May-26 13.50 12.75 0.00
IFB1/2020/11 (IFB20) Aug-31 17.40 17.10 0.00
IFB1/2021/16 (IFB21) Jan-37 17.50 17.00 0.00
IFB1/2021/18 (IFB22) Mar-39 17.65 17.35 0.00
IFB1/2021/21 (IFB23) Aug-42 17.80 17.50 0.00
IFB1/2022/19 (IFB24) Jan-41 17.65 17.35 0.00
IFB1/2022/18 (IFB25) May-40 17.65 17.35 0.00
IFB1/2022/14 (IFB26) Oct-36 17.65 17.35 0.00
IFB1/2022/6 (IFB27) Nov-28 17.60 17.40 0.00
IFB1/2023/17 (IFB28) Feb-40 17.65 17.35 0.00
IFB1/2023/7 (IFB29) Jun-30 17.40 17.10 0.00
IFB1/2023/6.5 (IFB30) May-30 17.20 16.80 0.00
IFB1/2024/8.5 (IFB31) Aug-32 17.45 17.25 0.05
 
 
Key  Interest Rates   Mov (bps)
O/N Interbank 13.4876% -24.44
91 Day T-bill 16.6597% 3.79
182 Day T-bill 16.8477% 6.28
364 Day T-bill 16.9845% 1.23
Central Bank Rate (CBR) 13.00% 50.00
Inflation 6.30% -60.00
Attached are the bond positions available today, the T-bill auction results for this week and the March bond auction prospectus.
Bond Positions
T-bill Auction Results
March Bond Auction Prospectus
Trade Now
View Previous Market Updates
Share Share
Tweet Tweet
Share Share
Copyright © 2022 Bespoke Securities Limited, All Rights Reserved.






This email was sent to *|EMAIL|*
why did I get this?    unsubscribe from this list    update subscription preferences
*|LIST:ADDRESSLINE|*

*|REWARDS|*