*|MC_PREVIEW_TEXT|*

View this email in your browser Tuesday / Monday   To set you up for this new month, attached is the CBK weekly report to assist in your reading of the market while updated benchmark Yield Curve levels are ready for your perusal on the attached pricelist. I have also attached the NSE Implied Yields for the NSE’s valuations of all the treasuries. Inflation data for March 2024 is also attached. The year-on-year inflation for March came in at 5.70%, a drop from 6.30% in February. The T-bill results from last week have also been attached. You will notice a slight change in rate direction in the 91D and 182D T-bills as the Central Bank continues to maintain the 17% cap in the T-bill space. To bring it all together, below is a snapshot of what is at play within the secondary market for your consideration. Happy hunting and wishing you the very best this month and quarter! Below are the two-way quotes for the benchmark tenors:   Indicative Two-Way Quotes - Benchmark Tenors Benchmark Tenor Bid (%) Offer (%) Mov (t-t0)% 1Yr 18.15 17.85 0.00 2Yr 18.30 18.00 0.00 5yr 18.65 18.35 0.00 10yr 16.50 16.00 0.00 15yr 16.50 16.00 0.00 20yr 16.50 16.00 0.00 25yr 16.50 16.00 0.00 Below are details of the two-way quotes for the infrastructure bonds and the key rates:   Indicative Two-Way Quotes - IFB Series IFB series Maturity Bid (%) Offer (%) Mov (t-t0)% IFB1/2017/7 (IFB13) Nov-24 15.75 15.50 0.00 IFB1/2016/9 (IFB10) May-25 15.85 15.75 0.00 IFB1/2015/12 (IFB8) Mar-27 14.50 14.00 0.00 IFB1/2017/12 (IFB12) Feb-29 16.00 15.00 0.00 IFB1/2016/15 (IFB11) Oct-31 16.00 15.50 0.00 IFB1/2018/15 (IFB14) Jan-33 15.50 15.00 0.00 IFB1/2018/20 (IFB15) Oct-38 16.50 16.00 0.00 IFB1/2019/25 (IFB16) Feb-44 16.50 16.00 0.00 IFB1/2019/16 (IFB17) Oct-35 15.50 15.20 0.00 IFB1/2020/9 (IFB18) Apr-29 17.50 17.20 0.00 IFB1/2020/6 (IFB19) May-26 17.50 17.10 0.00 IFB1/2020/11 (IFB20) Aug-31 17.50 17.20 0.00 IFB1/2021/16 (IFB21) Jan-37 17.00 16.50 0.00 IFB1/2021/18 (IFB22) Mar-39 17.00 16.50 0.00 IFB1/2021/21 (IFB23) Aug-42 17.00 16.50 0.00 IFB1/2022/19 (IFB24) Jan-41 17.00 16.50 0.00 IFB1/2022/18 (IFB25) May-40 17.00 16.50 0.00 IFB1/2022/14 (IFB26) Oct-36 17.00 16.50 0.00 IFB1/2022/6 (IFB27) Nov-28 17.50 17.20 0.00 IFB1/2023/17 (IFB28) Feb-40 16.50 16.00 0.00 IFB1/2023/7 (IFB29) Jun-30 16.90 16.20 0.00 IFB1/2023/6.5 (IFB30) May-30 16.85 16.60 -0.05 IFB1/2024/8.5 (IFB31) Aug-32 16.80 16.60 -0.03     Key  Interest Rates   Mov (bps) O/N Interbank 13.7506% 5.07 91 Day T-bill 16.7290% -0.16 182 Day T-bill 16.8877% -2.60 364 Day T-bill 16.9899% 0.09 Central Bank Rate (CBR) 13.00% 50.00 Inflation 5.70% -60.00 Attached are the bond positions available today, T-bill auction results from last week, Inflation Data for April 2024 and the primary bond auction prospectus for April 2024. Bond Positions T-bill Auction Results from Last Week Inflation Data for April 2024 Primary Bond Auction Prospectus for April 2024 Trade Now View Previous Market Updates Share Tweet Share Copyright © 2022 Bespoke Securities Limited, All Rights Reserved.

This email was sent to *|EMAIL|* why did I get this?    unsubscribe from this list    update subscription preferences *|LIST:ADDRESSLINE|* *|REWARDS|*