Kenya Bond Market Update: 03-Nov-2023

Published on
November 29, 2023

First Weekend – The first weekend of November is upon us but before we get to that, let me help you through your trading activities for today. This week’s T-bill auction results are attached for your perusal. No changes in how the market bids as interest remains pegged on incoming maturities while the bids submitted remain heavily skewed towards the shortest bill, the 91D. Finally, the yields across all three bills continue to edge up as they remain above 15%.

Away from this, we have the IFB1/2023/6.5Yr closing next week Wednesday, 08-Nov-2023. My expectations, which will be updated as we approach the closing date, are below:

·         Average: Average between 17.50% – 17.60%

·         Subscription: Unsure on this as the market remains tight but I work to get some clarity on this and update accordingly

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

Kenya Bond Updates

Attached are the bond positions available today, the T-bill auction results for this week and the bond prospectus for November 2023.

  1. Bond Positions
  2. T-bill Auction Results
  3. Bond Prospectus for November 2023

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