Kenya Bond Market Update: 01-Aug-2023

Published on
November 29, 2023

Hi August – The bond auction prospectus has been published and is attached for your perusal. The CBK has on offer a new 2Yr, FXD1/2023/2Yr, and is re-opening the recently auctioned 5Yr, FXD1/2023/5Yr, in a bid to lock in KES 40Bn. The inflation data for July 2023 has also been attached, with overall year-on-year inflation coming in at 7.3%. This inflation rate brings it back to within the CBK’s target level of 5%, with a flexible margin of 2.5% on either side. Another jump in the interbank rate in yesterday’s session communicates the continued tightness in liquidity. Below is a snapshot of what is at play within the secondary market for your consideration. Happy hunting!

Attached are the bond positions available today, inflation data for July 2023 and the bond auction prospectus for August 2023.

  1. Bond Positions
  2. Inflation data for July 2023
  3. Bond Auction Prospectus for August 2023