Auction Week – The sale-period of the new 2Yr, FXD1/2023/2Yr, and the re-opened 5Yr, FXD1/2023/5Yr, closes on Wednesday (16-Aug-2023). The CBK is seeking to secure KES 40bn from this auction. With the introduction of CBK’s new system, the CBK DhowCSD, the sale-period of bond auctions will end on the same day as the auction. My expectations for this auction are as follows:
For your trading activities for the day and week ahead, attached is the CBK weekly report to assist in your reading of the market while updated benchmark Yield Curve levels are ready for your perusal on the attached pricelist. I have also attached the NSE Implied Yields for the NSE’s valuations of all the treasuries.
To bring it all together, 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, the NSE Implied Yields for last week, the CBK Weekly Report and the bond auction prospectus for August 2023.