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View this email in your browser Funky Friday For those of us who eat lots of carrots, you may have noticed that the updated bond auction proposal had a typo on the second page. This has been corrected by the CBK and attached is the corrected copy of the prospectus. If you do not eat your veggies, then this update is not for you. No substantial changes in the T-bill space as interest remains pegged to the incoming maturities. A significant increase in the maturities has resulted in a significant increase in the interest shown in this week’s auction, with the 91 T-bill continuing to be the most popular option. Attached are these results in full for your perusal. Below is a snapshot of what is at play for your consideration in the secondary space. 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 15.40 15.10 0.00 2Yr 17.45 17.30 0.00 5yr 18.10 17.90 0.00 10yr 17.00 16.50 0.00 15yr 17.00 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 13.50 13.00 0.00 IFB1/2016/9 (IFB10) May-25 13.50 13.00 0.00 IFB1/2015/12 (IFB8) Mar-27 14.00 13.00 0.00 IFB1/2017/12 (IFB12) Feb-29 15.00 14.00 0.00 IFB1/2016/15 (IFB11) Oct-31 15.00 14.00 0.00 IFB1/2018/15 (IFB14) Jan-33 15.00 14.50 0.00 IFB1/2018/20 (IFB15) Oct-38 16.00 15.00 0.00 IFB1/2019/25 (IFB16) Feb-44 16.50 15.00 0.00 IFB1/2019/16 (IFB17) Oct-35 16.00 15.00 0.00 IFB1/2020/9 (IFB18) Apr-29 14.50 14.00 0.00 IFB1/2020/6 (IFB19) May-26 13.00 12.00 0.00 IFB1/2020/11 (IFB20) Aug-31 15.75 15.00 0.00 IFB1/2021/16 (IFB21) Jan-37 15.75 15.00 0.00 IFB1/2021/18 (IFB22) Mar-39 15.70 15.00 0.00 IFB1/2021/21 (IFB23) Aug-42 16.50 15.30 0.00 IFB1/2022/19 (IFB24) Jan-41 15.50 15.00 0.00 IFB1/2022/18 (IFB25) May-40 15.80 15.00 0.00 IFB1/2022/14 (IFB26) Oct-36 16.00 15.00 0.00 IFB1/2022/6 (IFB27) Nov-28 13.30 13.20 0.00 IFB1/2023/17 (IFB28) Feb-40 15.90 15.50 0.00 IFB1/2023/7 (IFB29) Jun-30 16.00 15.65 0.05   Key  Interest Rates   Mov (bps) O/N Interbank 11.9334% -12.07 91 Day T-bill 14.8734% 5.28 182 Day T-bill 14.9778% 2.79 364 Day T-bill 15.1867% 13.23 Central Bank Rate (CBR) 10.50% 0.00 Inflation 6.80% 10.00   Attached are the bond positions available today, the T-bill auction results and the bond auction prospectus for October 2023. Bond Positions T-bill Auction Results Bond Auction Prospectus Trade Now View Previous Market Updates Share Tweet Share Copyright © 2022 Bespoke Securities Limited, All Rights Reserved.

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