*|MC_PREVIEW_TEXT|*

View this email in your browser Happy New Week The Tap Sale results were released on Friday and these are attached for your perusal. Not the happiest of outings by the CBK as they fell slightly short of their KES 31.5Bn target after receiving KES 24.891Bn in bids. Attached is the CBK weekly report to assist in your reading of the market while updated benchmark Yield Curve levels are to be found on the attached pricelist. I have also attached the NSE Implied Yields for the NSE’s valuations of all the bonds. Below is a snapshot of what is at play within the secondary market for your consideration. Happy hunting!   Indicative Two-Way Quotes - Benchmark Tenors Benchmark Tenor Bid (%) Offer (%) Mov (t-t0)% 1Yr 9.90 9.70 0.00 2Yr 10.55 10.20 0.00 5Yr 12.00 11.60 0.00 10Yr 12.90 12.60 0.00 15Yr  13.80 13.70 0.00 20Yr 13.85 13.75 0.00 25Yr 14.00 13.75 0.00   Indicative Two-Way Quotes - IFB Series IFB series Maturity Bid (%) Offer (%) Mov (t-t0)% IFB1/2017/7 (IFB13) Nov-24 10.35 9.90 0.00 IFB1/2016/9 (IFB10) May-25 10.35 9.90 0.00 IFB1/2015/12 (IFB8) Mar-27 10.50 10.00 0.00 IFB1/2017/12 (IFB12) Feb-29 11.00 10.60 0.00 IFB1/2016/15 (IFB11) Oct-31 12.50 11.50 0.00 IFB1/2018/15 (IFB14) Jan-33 12.40 12.00 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 12.60 0.00 IFB1/2020/9 (IFB18)  Apr-29 11.30 11.00 0.00 IFB1/2020/6 (IFB19) May-26 10.30 10.75 0.00 IFB1/2020/11 (IFB20) Aug-31 12.45 12.10 -0.13 IFB1/2021/16 (IFB21) Jan-37 12.90 12.70 0.00 IFB1/2021/18 (IFB22) Mar-39 12.90 12.70 -0.07 IFB1/2021/21 (IFB23) Aug-42 12.90 12.70 0.00 IFB1/2022/19 (IFB24) Jan-41 13.00 12.90 -0.06   Key Interest Rates   Mov (bps) O/N Interbank 4.1631% -18.25 91 Day T-bill 7.252% 4.60 182 Day T-bill 8.093% 6.10 364 Day T-bill 9.763% -0.80 Inflation 5.08% -31.00   Bond Positions Available Today Tap Sale Results NSE Implied Yields CBK Weekly Bulletin 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 © 2021 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|*