Kenya Bond Market Update: 04-Aug-2023

Published on
November 29, 2023

Weekend Time – Another undersubscribed T-bill auction. The tightness in liquidity continues to affect the market’s ability to rollover a significant portion of the incoming T-bill maturities. This week, KES 11.298Bn in bids were submitted against KES 28.749Bn in maturities. The rates also moved up relatively aggressively as the 91D and 364D T-bills jumped by 33bps and 37bps respectively, with the 91D T-bill surpassing the rate offered by the longer 182D T-bill. It will be interesting to watch if this inversion persists or corrects in the coming weeks. Attached are these results in full for your perusal.

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

Kenya Bond Updates

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

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