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View this email in your browser Ke Dezemba!   A phrase borrowed from our brothers and sisters in South Africa, who take this holiday season very seriously. This month comes with lots of good times with a mix of poor decision making that is however made alright by uttering the powerful phrase ‘Ke Dezemba Boss!’ We are all about work though so below is a snapshot of what is at play within the secondary market. The Yield Curve valuations have been updated to reflect the end month yields of the NSE and the full list has also been attached for your perusal. Inflation data for November 2021 has been attached as well, with the inflation dropping to 5.80%.  Happy hunting this month and enjoy the holiday season ahead!   Indicative Two-Way Quotes - Benchmark Tenors Benchmark Tenor Bid (%) Offer (%) Mov (t-t0)% 1Yr 9.20 8.80 0.00 2Yr 9.90 9.70 0.00 5yr 11.35 11.25 0.03 10yr 12.50 12.20 0.00 15yr 13.00 12.80 0.00 20yr 13.50 13.30 0.00 25yr 13.75 13.65 0.00   Indicative Two-Way Quotes - IFB Series IFB series Maturity Bid (%) Offer (%) Mov (t-t0)% IFB1/2017/7 (IFB13) Nov-24 9.90 9.50 0.00 IFB1/2016/9 (IFB10) May-25 10.00 9.60 0.00 IFB1/2015/12 (IFB8) Mar-27 9.75 9.25 0.00 IFB1/2017/12 (IFB12) Feb-29 10.80 10.60 0.00 IFB1/2016/15 (IFB11) Oct-31 11.40 11.20 0.00 IFB1/2018/15 (IFB14) Jan-33 11.70 11.50 0.00 XIFB1/2018/20 (IFB15) Oct-38 12.00 11.80 0.00 IFB1/2019/25 (IFB16) Feb-44 12.50 12.15 0.00 IFB1/2019/16 (IFB17) Oct-35 12.35 12.10 0.00 IFB1/2020/9 (IFB18) Apr-29 11.20 11.00 0.00 IFB1/2020/6 (IFB19) May-26 10.00 9.70 0.10 IFB1/2020/11 (IFB20) Aug-31 11.60 11.50 0.03 IFB1/2021/16 (IFB21) Jan-37 12.40 12.20 0.05 IFB1/2021/18 (IFB22) Mar-39 12.45 12.20 0.00 IFB1/2021/21 (IFB23) Aug-42 12.60 12.55 -0.03   Key  Interest Rates   Mov (bps) O/N Interbank 4.9042% -34.90 91 Day T-bill 7.114% 0.00 182 Day T-bill 7.747% 0.00 364 Day T-bill 8.840% 0.00 Inflation 5.80% -65.00   To conclude on a serious note, December 1st is World AIDS Day and this year’s theme is, “End Inequalities. End Aids. End Pandemics.” For more information on this, here is a link to the UNAIDS webpage – https://www.unaids.org/en/2021-world-aids-day   Bond Positions Available Today Inflation Data for November 2021 NSE Implied Yields Bond Auction Prospectus - December 2021 Trade Now MATHANGANI KARIUKI Director | Bespoke Securities Director, Interest Rates | AKN Investments +254 (0) 732472655 Eikon Messenger:  mathanganik@bespokesecurities.co.ke View Previous Market Updates Share Tweet Share Copyright © 2021 Bespoke Securities Limited, All Rights Reserved.

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