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View this email in your browser Wow Wednesday The Central Bank has published the prospectus for next month’s bond auction. The auction will be split into a Tap Sale of the IFB1/2022/18Yr in a bid to secure KES 20Bn and the re-opening of two bonds, the FXD2/2013/15Yr (5.8 years) and the FXD2/2018/15Yr (11.3 years) in a bid to secure KES 40Bn. Several options available for your consideration and attached is the prospectus for all details pertaining to this auction. Away from this, 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 10.20 10.00 0.00 2Yr 11.00 10.55 0.00 5Yr 12.50 12.20 0.00 10Yr 13.55 13.50 0.00 15Yr  13.95 13.85 0.00 20Yr 14.00 13.85 0.00 25Yr 14.00 13.90 0.00   Indicative Two-Way Quotes - IFB Series IFB Series Maturity Bid (%) Offer (%) Mov (t-t0)% IFB1/2017/7 Nov-24 11.60 11.20 0.00 IFB1/2016/9 May-25 11.50 11.25 0.00 IFB1/2015/12 Mar-27 11.50 11.00 0.00 IFB1/2017/12 Feb-29 12.00 11.00 0.00 IFB1/2016/15 Oct-31 12.75 12.50 0.00 IFB1/2018/15 Jan-33 13.10 12.80 0.00 IFB1/2018/20 Oct-38 13.20 12.70 0.00 IFB1/2019/25 Feb-44 13.50 12.90 0.00 IFB1/2019/16 Oct-35 13.20 12.50 0.00 IFB1/2020/9 Apr-29 11.40 11.25 0.00 IFB1/2020/6 May-26  11.50 11.00 0.00 IFB1/2020/11 Aug-31 13.00 12.85 0.05 IFB1/2021/16 Jan-37 13.50 12.90 0.00 IFB1/2021/18 Mar-39 13.70 13.00 0.00 IFB1/2021/21 Aug-42 13.90 13.60 0.00 IFB1/2022/19 Jan-41 13.80 13.50 0.00 IFB1/2022/18 May-40 13.85 13.775 0.04   Key Interest Rates   Mov (bps) O/N Interbank 5.1322% -5.02 91 Day T-bill 8.013% 8.80 182 Day T-bill 9.163% 6.70 364 Day T-bill 9.974% 1.30 Inflation 7.10% 63.00   Bond Positions Available Today Bond Auction Prospectus - July 2022 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 © 2022 Bespoke Securities Limited, All Rights Reserved.

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