As we close off this month, I would like to convey my condolences to all who were affected by the recent protests that took place in Kenya. It has been a life changing and hurtful period for many of us and I pray for everyone’s safety and overall good health going forward. Activity in the market has been largely subdued, and the T-bill auction this week reflected this as it was significantly undersubscribed. The maturities in play were significantly low and this would have also contributed to the poor showing in this week’s auction. Attached are these results in full with all the necessary details for your perusal. For your trading activities ahead, below is a snapshot of what is at play within the secondary market for your consideration. Happy hunting and please stay safe out there!
Below are the two-way quotes for the benchmark tenors:
Indicative Two-Way Quotes - Benchmark Tenors
Benchmark Tenor
Bid (%)
Offer (%)
Mov (t-t0)%
1Yr
17.00
16.85
0.00
2Yr
17.50
17.00
0.00
5yr
18.00
17.50
0.00
10yr
16.50
16.00
0.00
15yr
16.50
16.00
0.00
20yr
16.50
16.00
0.00
25yr
16.50
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
15.25
15.00
0.00
IFB1/2016/9 (IFB10)
May-25
15.25
15.00
0.00
IFB1/2015/12 (IFB8)
Mar-27
15.50
15.00
0.00
IFB1/2017/12 (IFB12)
Feb-29
16.00
15.00
0.00
IFB1/2016/15 (IFB11)
Oct-31
16.00
15.50
0.00
IFB1/2018/15 (IFB14)
Jan-33
15.50
15.00
0.00
IFB1/2018/20 (IFB15)
Oct-38
16.50
16.00
0.00
IFB1/2019/25 (IFB16)
Feb-44
16.50
16.00
0.00
IFB1/2019/16 (IFB17)
Oct-35
15.50
15.20
0.00
IFB1/2020/9 (IFB18)
Apr-29
16.50
16.00
0.00
IFB1/2020/6 (IFB19)
May-26
16.50
16.00
0.00
IFB1/2020/11 (IFB20)
Aug-31
17.05
16.00
0.00
IFB1/2021/16 (IFB21)
Jan-37
15.80
15.50
0.00
IFB1/2021/18 (IFB22)
Mar-39
16.50
16.00
0.00
IFB1/2021/21 (IFB23)
Aug-42
16.50
16.00
0.00
IFB1/2022/19 (IFB24)
Jan-41
17.30
16.00
0.00
IFB1/2022/18 (IFB25)
May-40
16.60
16.00
0.00
IFB1/2022/14 (IFB26)
Oct-36
16.60
16.00
0.00
IFB1/2022/6 (IFB27)
Nov-28
16.50
16.00
0.00
IFB1/2023/17 (IFB28)
Feb-40
17.30
16.00
0.00
IFB1/2023/7 (IFB29)
Jun-30
16.90
16.20
0.00
IFB1/2023/6.5 (IFB30)
May-30
16.70
16.40
0.00
IFB1/2024/8.5 (IFB31)
Aug-32
17.20
16.95
0.00
Key Interest Rates
Mov (bps)
O/N Interbank
13.2952%
5.15
91 Day T-bill
15.9771%
0.54
182 Day T-bill
16.7636%
2.57
364 Day T-bill
16.7911%
3.66
Central Bank Rate (CBR)
13.00%
0.00
Inflation
5.10%
10.00
Attached are the bond positions available today, the T-bill auction results for this week, FXD1/2023/2Yr Tap Sale Prospectus and FXD1/2008/20Yr & FXD1/2024/10Yr Bond Auction Prospectus.
