Results Thursday – The results of the FXD1/2023/2Yr, and the re-opened 5Yr, FXD1/2023/5Yr have been attached and below is a quick summary of how things played out:
The CBK has rejected a significant portion of the bids received in a bid to curtail the push for higher rates by the market. This is in line with the messaging from the Monetary Policy Committee (MPC) of the CBK that signaled that the CBK will be looking to reduce the interest rates in the bond space. For the day’s trading activities, 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 and the FXD1/2023/2Yr & FXD1/2023/5Yr bond auction results.