May the Fourth be with You
May the Fourth be with you as we try and navigate this start to the week / hump-day. A lot is in play for us to catch up on and the many attachments will point to this. Attached is the CBK weekly report to assist in your reading of the market while updated benchmark Yield Curve levels are to be found on the attached pricelist. I have also attached the NSE Implied Yields for the NSE’s valuations of all the treasuries. The bond auction prospectus for May 2022 is attached as well and the CBK will be looking to secure KES 60Bn from the sale of a new 10Yr bond (FXD1/2022/10Yr) and the re-opening of the 2021 25Yr bond (FXD1/2021/25Yr).
Below is a snapshot of what is at play within the secondary market for your consideration. Happy hunting!