We made it through the first month of 2024, and I hope it’s been a good one for you and yours. For the work 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
16.60
16.30
0.00
2Yr
18.35
18.25
0.00
5yr
18.90
18.50
-0.07
10yr
17.00
16.50
0.00
15yr
16.50
16.00
0.00
20yr
16.50
16.00
0.00
25yr
16.30
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
16.00
15.50
0.00
IFB1/2016/9 (IFB10)
May-25
16.00
15.75
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
15.00
14.50
0.00
IFB1/2020/6 (IFB19)
May-26
14.50
13.75
0.00
IFB1/2020/11 (IFB20)
Aug-31
15.50
15.00
0.00
IFB1/2021/16 (IFB21)
Jan-37
17.00
16.00
0.00
IFB1/2021/18 (IFB22)
Mar-39
17.00
16.00
0.00
IFB1/2021/21 (IFB23)
Aug-42
17.00
16.00
0.00
IFB1/2022/19 (IFB24)
Jan-41
17.00
16.50
0.00
IFB1/2022/18 (IFB25)
May-40
17.00
16.50
0.00
IFB1/2022/14 (IFB26)
Oct-36
17.00
16.50
0.00
IFB1/2022/6 (IFB27)
Nov-28
17.00
16.00
0.00
IFB1/2023/17 (IFB28)
Feb-40
15.75
15.25
0.00
IFB1/2023/7 (IFB29)
Jun-30
17.00
16.30
0.00
IFB1/2023/6.5 (IFB30)
May-30
17.50
17.30
0.00
Key Interest Rates
Mov (bps)
O/N Interbank
13.4773%
-14.68
91 Day T-bill
16.2903%
5.56
182 Day T-bill
16.3756%
7.49
364 Day T-bill
16.5225%
3.08
Central Bank Rate (CBR)
12.50%
200.00
Inflation
6.60%
-20.00
Attached are the bond positions available today and the IFB1/2024/8.5Yr Bond Prospectus.
