Kenya Bond Market Update: 22 November 2021

Published on
November 22, 2021
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Monday Matters
 

Attached is the CBK weekly report to assist in your reading of the market and 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. 

For the rest of your plays, below is a snapshot of what is at play within the secondary market. Happy hunting and do have yourself a lovely week! 
 
Indicative Two-Way Quotes - Benchmark Tenors
Benchmark Tenor Bid (%) Offer (%) Mov (t-t0)%
1Yr 9.20 8.80 0.00
2Yr 10.00 9.50 0.00
5yr 11.25 11.20 0.00
10yr 12.50 12.20 0.00
15yr 13.00 12.80 0.00
20yr 13.50 13.30 0.00
25yr 13.75 13.70 0.00
 
Indicative Two-Way Quotes - IFB Series
IFB series Maturity Bid (%) Offer (%) Mov (t-t0)%
IFB1/2017/7
(IFB13)
Nov-24 9.90 9.50 0.00
IFB1/2016/9
(IFB10)
May-25 10.00 9.60 0.00
IFB1/2015/12
(IFB8)
Mar-27 9.75 9.25 0.00
IFB1/2017/12
(IFB12)
Feb-29 10.80 10.60 0.00
IFB1/2016/15
(IFB11)
Oct-31 11.40 11.20 0.00
IFB1/2018/15
(IFB14)
Jan-33 11.45 11.35 0.00
XIFB1/2018/20
(IFB15)
Oct-38 12.00 11.80 0.00
IFB1/2019/25
(IFB16)
Feb-44 12.50 12.15 0.00
IFB1/2019/16
(IFB17)
Oct-35 12.35 12.10 0.00
IFB1/2020/9
(IFB18)
Apr-29 11.20 11.00 0.00
IFB1/2020/6
(IFB19)
May-26 9.75 9.25 0.00
IFB1/2020/11
(IFB20)
Aug-31 11.55 11.35 0.00
IFB1/2021/16
(IFB21)
Jan-37 12.40 12.10 -0.05
IFB1/2021/18
(IFB22)
Mar-39 12.45 12.20 0.00
IFB1/2021/21
(IFB23)
Aug-42 12.575 12.525 0.00
 
Key  Interest Rates   Mov (bps)
O/N Interbank 5.0658% -6.34
91 Day T-bill 7.114% 4.40
182 Day T-bill 7.747% 6.40
364 Day T-bill 8.840% 9.50
Inflation 6.45% -46.00

 
Bond Positions Available Today
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
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