Ready Those Bids
The sale-period of the re-opened FXD1/2023/2Yr (1.4 years) closes tomorrow. Bids must be submitted to the CBK by 10.00 AM EAT. My updated expectations for the auction are as follows:
- Average: 16.90% – 17.10%, with the cut-off coming in 20bps away from the average.
- Subscription: Oversubscription anticipated. Given last week’s T-bill results, rates in the short end space may begin their downward trajectory, making this auction all the more attractive.
- Attached is the prospectus for any additional information required.
For your trading activities for the day ahead, below is a snapshot of what is at play within the secondary market for your consideration. Happy hunting and bidding!
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