Kenya Bond Market Update: 29 October 2024

Published on
October 29, 2024
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Sunny Tuesday
 

Below is a snapshot of what is at play within the secondary market for your consideration. Happy hunting!

**Links to the attachments are below the note
Below are the two-way quotes for the benchmark tenors: 
 
Indicative Two-Way Quotes - Benchmark Tenors
Benchmark Tenor Bid (%) Offer (%) Mov (t-t0)%
1Yr 15.60 15.30 0.00
2Yr 15.80 15.60 0.00
5yr 16.50 16.00 0.00
10yr 17.00 16.50 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 15.00 14.00 0.00
IFB1/2016/9 (IFB10) May-25 15.00 14.00 0.00
IFB1/2015/12 (IFB8) Mar-27 15.50 15.00 0.00
IFB1/2017/12 (IFB12) Feb-29 15.50 15.00 0.00
IFB1/2016/15 (IFB11) Oct-31 15.30 14.90 0.00
IFB1/2018/15 (IFB14) Jan-33 15.80 15.00 0.00
IFB1/2018/20 (IFB15) Oct-38 16.00 15.50 0.00
IFB1/2019/25 (IFB16) Feb-44 16.20 16.00 0.00
IFB1/2019/16 (IFB17) Oct-35 16.00 15.20 0.00
IFB1/2020/9 (IFB18) Apr-29 15.50 15.00 0.00
IFB1/2020/6 (IFB19) May-26 15.50 15.00 0.00
IFB1/2020/11 (IFB20) Aug-31 15.60 15.00 0.00
IFB1/2021/16 (IFB21) Jan-37 16.00 16.30 0.00
IFB1/2021/18 (IFB22) Mar-39 16.00 15.70 0.00
IFB1/2021/21 (IFB23) Aug-42 16.50 16.00 0.00
IFB1/2022/19 (IFB24) Jan-41 16.00 15.70 0.00
IFB1/2022/18 (IFB25) May-40 16.00 15.70 0.00
IFB1/2022/14 (IFB26) Oct-36 16.00 15.70 0.00
IFB1/2022/6 (IFB27) Nov-28 15.50 15.00 0.00
IFB1/2023/17 (IFB28) Feb-40 15.30 14.90 -0.10
IFB1/2023/7 (IFB29) Jun-30 15.30 15.00 -0.05
IFB1/2023/6.5 (IFB30) May-30 15.20 15.00 -0.10
IFB1/2024/8.5 (IFB31) Aug-32 15.30 15.00 -0.05
 
 
Key  Interest Rates   Mov (bps)
O/N Interbank 11.9659% -0.33
91 Day T-bill 14.4321% -33.37
182 Day T-bill 15.1467% -48.98
364 Day T-bill 15.4691% -44.24
Central Bank Rate (CBR) 12.00% -75.00
Inflation 3.60% -80.00
Below are the links to the Bond positions available today and the November 2024 bond auction prospectus.
Bond Positions
November 2024 Bond Auction Prospectus
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