Kenya Bond Market Update: 04 March 2022

Published on
March 4, 2022
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Kenya Open  


The Magical Kenya Open, which is a European Tour golfing event, is underway at the Muthaiga Golf Club. I do not know much about golf apart from you walk a lot, and then have a few drinks after you are done so I do hope this event brings you lots of joy if you are a golfer or just a fan of the game.

For the rest of us, I have so many bonds in play for your investing pleasure. As always, below is a snapshot of what is at play within the secondary bond market for your consideration. Happy hunting!
 
Indicative Two-Way Quotes - Benchmark Tenors
Benchmark Tenor Bid (%) Offer (%) Mov (t-t0)%
1Yr 9.90 9.70 0.00
2Yr 10.55 10.20 0.00
5Yr 11.90 11.35 0.00
10Yr 12.90 12.60 0.00
15Yr  13.00 12.80 0.00
20Yr 13.80 13.70 0.00
25Yr 14.00 13.70 0.00
 
Indicative Two-Way Quotes - IFB Series
IFB series Maturity Bid (%) Offer (%) Mov (t-t0)%
IFB1/2017/7
(IFB13)
Nov-24 10.00 9.50 0.00
IFB1/2016/9
(IFB10)
May-25 10.00 9.60 0.00
IFB1/2015/12
(IFB8)
Mar-27 10.00 9.50 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 12.25 11.90 0.00
IFB1/2018/20
(IFB15)
Oct-38 12.00 11.80 0.00
IFB1/2019/25
(IFB16)
Feb-44 12.50 12.20 0.00
IFB1/2019/16
(IFB17)
Oct-35 12.35 12.15 0.00
IFB1/2020/9
(IFB18)
Apr-29 11.30 11.00 0.00
IFB1/2020/6
(IFB19)
May-26 10.10 9.70 0.00
IFB1/2020/11
(IFB20)
Aug-31 12.30 12.00 0.00
IFB1/2021/16
(IFB21)
Jan-37 12.40 12.30 0.00
IFB1/2021/18
(IFB22)
Mar-39 12.55 12.30 0.00
IFB1/2021/21
(IFB23)
Aug-42 12.80 12.65 0.00
IFB1/2022/19
(IFB24)
Jan-41 13.05 12.95
0.05
 
Key Interest Rates   Mov (bps)
O/N Interbank 5.3617% -15.94
91 Day T-bill 7.265% 1.10
182 Day T-bill 8.063% 0.10
364 Day T-bill 9.774% 1.00
Inflation 5.08% -31.00

 
Bond Positions Available Today
T-Bill Auction Results
Bond Auction Prospectus - March 2022
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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