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View this email in your browser Happy New Year I wish you and yours the very best for 2023. As a basketball fan, this year has been christened the ‘Jordan Year’ and I hope your year is as successful as his career has been. To get this year started, 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 and the final inflation statistics for 2022. To bring it all together, below is a snapshot of what is at play within the secondary market for your consideration. Blessings and favour to come your way all through this year!   Below are the two-way quotes for the benchmark tenors:   Indicative Two-Way Quotes - Benchmark Tenors Benchmark Tenor Bid (%) Offer (%) Mov (t-t0)% 1Yr 10.50 10.00 0.00 2Yr 12.50 12.00 0.00 5yr 13.70 13.50 0.00 10yr 13.95 13.80 0.00 15yr 14.00 13.80 0.00 20yr 14.10 13.90 0.00 25yr 14.35 14.20 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 12.00 11.45 0.00 IFB1/2016/9 (IFB10) May-25 12.00 11.45 0.00 IFB1/2015/12 (IFB8) Mar-27 12.20 12.00 0.00 IFB1/2017/12 (IFB12) Feb-29 12.00 11.00 0.00 IFB1/2016/15 (IFB11) Oct-31 13.20 12.70 0.00 IFB1/2018/15 (IFB14) Jan-33 13.60 13.20 0.00 IFB1/2018/20 (IFB15) Oct-38 13.80 13.50 0.00 IFB1/2019/25 (IFB16) Feb-44 14.00 12.90 0.00 IFB1/2019/16 (IFB17) Oct-35 13.70 13.50 0.00 IFB1/2020/9 (IFB18) Apr-29 13.20 12.70 0.00 IFB1/2020/6 (IFB19) May-26 12.30 12.00 0.00 IFB1/2020/11 (IFB20) Aug-31 13.20 12.80 0.00 IFB1/2021/16 (IFB21) Jan-37 13.75 13.25 0.00 IFB1/2021/18 (IFB22) Mar-39 13.85 13.50 0.00 IFB1/2021/21 (IFB23) Aug-42 14.00 13.50 0.00 IFB1/2022/19 (IFB24) Jan-41 13.90 13.50 0.00 IFB1/2022/18 (IFB25) May-40 13.70 13.30 0.00 IFB1/2022/14 (IFB26) Oct-36 13.90 13.80 0.00 IFB1/2022/6 (IFB27) Nov-28 13.30 13.20 0.00       Key  Interest Rates   Mov (bps) O/N Interbank 6.4866% 16.74 91 Day T-bill 9.369% -0.10 182 Day T-bill 9.834% 0.90 364 Day T-bill 10.308% -0.20 Inflation 9.10% -38.00     Attached are the bond positions available today, the end-year NSE Implied Yields, the inflation data for December 2022, the CBK weekly report from last year and the January 2023 Prospectus of the Re-opened FXD1/2020/5Yr & FXD1/2022/15Yr. Bond Positions Available Today NSE Implied Yields Inflation Data - December 2022 CBK Weekly Report Re-opened FXD1/2020/5Yr & FXD1/2022/15Yr Trade Now View Previous Market Updates Share Tweet Share Copyright © 2022 Bespoke Securities Limited, All Rights Reserved.

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