Chilly Friday – The T-bills this week received a chilly response from the market as the CBK only managed to lock in KES 5.520Bn from a total of KES 9.490Bn in bids received. Although the auction was undersubscribed, the CBK still rejected a significant portion of the bids received as they looked to mitigate the push for higher rates. Attached are the results for your perusal. For your trading activities ahead, 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 and the T-bill auction results.