Kenya Bond Market Update: 03 November 2021

Published on
November 3, 2021
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Wednesday Wonders


Market activity remains sluggish however we are seeing some signs of life as the improved liquidity has brought with it some buying interest.

Below is a snapshot of what is at play within the secondary market. Happy hunting this fine day!
 
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 13.00 12.80 0.13
20yr 13.45 13.35 0.00
25yr 13.80 13.70 -0.03
 
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 0.00
IFB1/2018/20
(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 12.10 11.95 0.00
IFB1/2020/9
(IFB18)
Apr-29 10.90 10.50 0.00
IFB1/2020/6
(IFB19)
May-26 9.30 9.00 0.00
IFB1/2020/11
(IFB20)
Aug-31 11.20 11.00 0.00
IFB1/2021/16
(IFB21)
Jan-37 12.10 12.05 0.00
IFB1/2021/18
(IFB22)
Mar-39 12.30 12.10 0.00
IFB1/2021/21
(IFB23)
Aug-42 12.60 12.55 -0.05
 
Key  Interest Rates   Mov (bps)
O/N Interbank 4.7904% -34.02
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
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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