Thursday Things – The Federal Reserve has raised its key interest rate by 25bps and signaled that another hike would be an option in the coming months (https://www.cnbc.com/2023/07/26/fed-meeting-july-2023-.html). The MPC of the CBK meets in two weeks’ time, 09-Aug-2023, and will be interesting to see how this move by the Fed affects our local space and how the CBK responds to these effects.
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.