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View this email in your browser Tap Tap Tuesday   The CBK has on offer the recently auctioned FXD1/2023/2Yr and the FXD1/2023/5Yr through a Tap-Sale. The CBK will be seeking KES 21Bn. The period of sale is short and ends on Thursday (24-Aug-2023) or upon attainment of the quantum, whichever comes first. Attached is the prospectus for all the details required to facilitate your bidding. 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!   Below are the two-way quotes for the benchmark tenors:   Indicative Two-Way Quotes - Benchmark Tenors Benchmark Tenor Bid (%) Offer (%) Mov (t-t0)% 1Yr 13.75 13.25 0.00 2Yr 17.00 16.50 0.10 5yr 18.00 17.50 0.25 10yr 17.00 16.50 0.00 15yr 17.00 16.00 0.00 20yr 17.00 16.00 0.00 25yr 17.00 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 13.50 12.75 0.00 IFB1/2016/9 (IFB10) May-25 13.50 13.00 0.00 IFB1/2015/12 (IFB8) Mar-27 14.00 13.00 0.00 IFB1/2017/12 (IFB12) Feb-29 15.00 14.00 0.00 IFB1/2016/15 (IFB11) Oct-31 15.00 14.00 0.00 IFB1/2018/15 (IFB14) Jan-33 15.00 14.50 0.00 IFB1/2018/20 (IFB15) Oct-38 16.00 15.00 0.00 IFB1/2019/25 (IFB16) Feb-44 16.50 15.00 0.00 IFB1/2019/16 (IFB17) Oct-35 16.00 15.00 0.00 IFB1/2020/9 (IFB18) Apr-29 14.50 14.00 0.00 IFB1/2020/6 (IFB19) May-26 13.00 12.00 0.00 IFB1/2020/11 (IFB20) Aug-31 15.00 14.75 0.00 IFB1/2021/16 (IFB21) Jan-37 15.75 15.00 0.00 IFB1/2021/18 (IFB22) Mar-39 15.70 15.00 0.00 IFB1/2021/21 (IFB23) Aug-42 16.50 15.30 0.00 IFB1/2022/19 (IFB24) Jan-41 15.50 15.00 0.00 IFB1/2022/18 (IFB25) May-40 15.70 15.50 0.00 IFB1/2022/14 (IFB26) Oct-36 16.00 15.00 0.00 IFB1/2022/6 (IFB27) Nov-28 13.30 13.20 0.00 IFB1/2023/17 (IFB28) Feb-40 15.70 15.00 0.00 IFB1/2023/7 (IFB29) Jun-30 15.95 15.50 0.03   Key  Interest Rates   Mov (bps) O/N Interbank 11.9982% 10.15 91 Day T-bill 13.4754% 36.50 182 Day T-bill 13.2758% -16.23 364 Day T-bill 13.7459% 40.57 Central Bank Rate (CBR) 10.50% 0.00 Inflation 7.30% -70.00   Attached are the bond positions available today and the Tap Sale prospectus for the FXD1/2023/2Yr & FXD1/2023/5Yr.   Bond Positions FXD1/2023/2Yr & FXD1/2023/5Yr Trade Now View Previous Market Updates Share Tweet Share Copyright © 2022 Bespoke Securities Limited, All Rights Reserved.

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