The sale-period of the incoming 3Yr bond, FXD1/2023/3Yr, closes next week Tuesday. At this time, we dust off the crystal ball and make predictions on how the auction will play out. My expectations are below:
Attached is the bond prospectus to assist in your decision making process. I have also attached the inflation data for April 2023. The overall year-on-year inflation came in at 7.90%, a significant drop from March’s rate. Finally, 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, two-way quotes for the infrastructure bonds and the key rates:
Attached are the bond positions available today, the T-bill auction results, inflation data for April 2023 and the FXD1/2023/3Yr Bond Prospectus.