Thursday Things
The FXD1/2022/15Yr results are with us, and below is a quick summary:
- Bids Received: KES 32.545Bn
- Bids Accepted: KES 27.637Bn
- Weighted Average of Accepted Bids: 13.942%, which therefore becomes the bond’s coupon
Attached are the results for the details in full. For the rest of your plays, below is a snapshot of what is at play within the secondary market for your consideration. Happy hunting!
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Indicative Two-Way Quotes - Benchmark Tenors |
Benchmark Tenor |
Bid (%) |
Offer (%) |
Mov (t-t0)% |
1Yr |
10.00 |
9.70 |
0.00 |
2Yr |
11.00 |
10.55 |
0.00 |
5Yr |
12.00 |
11.90 |
0.02 |
10Yr |
12.90 |
12.60 |
0.00 |
15Yr |
14.00 |
13.80 |
0.20 |
20Yr |
14.00 |
13.80 |
0.05 |
25Yr |
14.00 |
13.75 |
0.00 |
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Indicative Two-Way Quotes - IFB Series |
IFB series |
Maturity |
Bid (%) |
Offer (%) |
Mov (t-t0)% |
IFB1/2017/7
(IFB13) |
Nov-24 |
11.00 |
10.00 |
0.00 |
IFB1/2016/9
(IFB10) |
May-25 |
11.00 |
10.50 |
0.00 |
IFB1/2015/12
(IFB8) |
Mar-27 |
11.00 |
10.00 |
0.00 |
IFB1/2017/12
(IFB12) |
Feb-29 |
11.00 |
10.60 |
0.00 |
IFB1/2016/15
(IFB11) |
Oct-31 |
12.70 |
12.50 |
0.10 |
IFB1/2018/15
(IFB14) |
Jan-33 |
12.50 |
12.25 |
0.00 |
IFB1/2018/20
(IFB15) |
Oct-38 |
12.90 |
12.50 |
0.00 |
IFB1/2019/25
(IFB16) |
Feb-44 |
13.00 |
12.50 |
0.00 |
IFB1/2019/16
(IFB17) |
Oct-35 |
12.90 |
12.50 |
0.00 |
IFB1/2020/9
(IFB18) |
Apr-29 |
11.40 |
11.25 |
0.00 |
IFB1/2020/6
(IFB19) |
May-26 |
11.30 |
10.75 |
0.00 |
IFB1/2020/11
(IFB20) |
Aug-31 |
12.75 |
12.50 |
-0.05 |
IFB1/2021/16
(IFB21) |
Jan-37 |
12.90 |
12.70 |
0.00 |
IFB1/2021/18
(IFB22) |
Mar-39 |
13.00 |
12.85 |
0.00 |
IFB1/2021/21
(IFB23) |
Aug-42 |
13.00 |
12.85 |
0.00 |
IFB1/2022/19
(IFB24) |
Jan-41 |
13.05 |
13.00 |
0.00
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Key Interest Rates |
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Mov (bps) |
O/N Interbank |
4.5815% |
17.65 |
91 Day T-bill |
7.424% |
4.70 |
182 Day T-bill |
8.315% |
9.60 |
364 Day T-bill |
9.745% |
0.20 |
Inflation |
5.56% |
48.00 |
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