Kenya Bond Market Update: 01 November 2021

Published on
November 1, 2021
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November is Upon Us


Attached is the CBK weekly report to assist in your reading of the market and updated benchmark Yield Curve levels are to be found on the attached pricelist. I have attached the NSE Implied Yields for the NSE’s valuations of all the bonds. The inflation data for October 2021 has also been attached for your perusal.

For the rest of your plays, below is a snapshot of what is at play within the secondary market. Happy hunting and best wishes for the week and month ahead.
 
Indicative Two-Way Quotes - Benchmark Tenors
Benchmark Tenor Bid (%) Offer (%) Mov (t-t0)%
1Yr 8.80 8.50 0.00
2Yr 9.60 9.20 0.00
5yr 11.20 11.00 0.00
10yr 12.20 12.10 0.00
15yr 12.90 12.65 0.00
20yr 13.45 13.35 0.00
25yr 13.85 13.75 0.00
 
Indicative Two-Way Quotes - IFB Series
IFB series Maturity Bid (%) Offer (%) Mov (t-t0)%
IFB1/2017/7
(IFB13)
Nov-24 9.50 9.00 0.00
IFB1/2016/9
(IFB10)
May-25 9.50 9.00 0.00
IFB1/2015/12
(IFB8)
Mar-27 9.60 9.00 0.00
IFB1/2017/12
(IFB12)
Feb-29 10.80 10.60 0.00
IFB1/2016/15
(IFB11)
Oct-31 11.20 11.10 0.00
IFB1/2018/15
(IFB14)
Jan-33 11.45 11.30 0.03
IFB1/2018/20
(IFB15)
Oct-38 12.00 11.80 0.03
IFB1/2019/25
(IFB16)
Feb-44 12.50 12.15 0.02
IFB1/2019/16
(IFB17)
Oct-35 12.10 11.95 0.02
IFB1/2020/9
(IFB18)
Apr-29 10.95 10.70 0.00
IFB1/2020/6
(IFB19)
May-26 9.30 9.00 0.00
IFB1/2020/11
(IFB20)
Aug-31 11.20 11.00 0.10
IFB1/2021/16
(IFB21)
Jan-37 12.10 12.05 0.02
IFB1/2021/18
(IFB22)
Mar-39 12.30 12.10 0.02
IFB1/2021/21
(IFB23)
Aug-42 12.675 12.60 0.00
 
Key  Interest Rates   Mov (bps)
O/N Interbank 4.8959% 7.99
91 Day T-bill 7.040% 2.00
182 Day T-bill 7.486% 6.90
364 Day T-bill 8.489% 13.40
Inflation 6.45% -46.00

 
Bond Positions Available Today
NSE Implied Yields - October 2021
Inflation Statistics - October 2021
Bond Auction Prospectus for November 2021
Trade Now

MATHANGANI KARIUKI


Director | Bespoke Securities

Director, Interest Rates | AKN Investments


+254 (0) 732472655

Eikon Messenger: 
mathanganik@bespokesecurities.co.ke
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