*|MC_PREVIEW_TEXT|*

View this email in your browser 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!     Indicative Two-Way Quotes - Benchmark Tenors Benchmark Tenor Bid (%) Offer (%) Mov (t-t0)% 1Yr 10.00 9.70 0.00 2Yr 11.00 10.55 0.00 5Yr 12.00 11.85 0.00 10Yr 12.90 12.60 0.00 15Yr  14.00 13.85 0.00 20Yr 14.00 13.80 0.00 25Yr 14.00 13.75 0.00   Indicative Two-Way Quotes - IFB Series IFB series Maturity Bid (%) Offer (%) Mov (t-t0)% IFB1/2017/7 (IFB13) Nov-24 11.00 10.00 0.00 IFB1/2016/9 (IFB10) May-25 11.00 10.50 0.00 IFB1/2015/12 (IFB8) Mar-27 11.00 10.00 0.00 IFB1/2017/12 (IFB12) Feb-29 11.00 10.60 0.00 IFB1/2016/15 (IFB11) Oct-31 12.60 12.50 0.00 IFB1/2018/15 (IFB14) Jan-33 12.50 12.25 0.00 IFB1/2018/20 (IFB15) Oct-38 12.90 12.50 0.00 IFB1/2019/25 (IFB16) Feb-44 13.00 12.50 0.00 IFB1/2019/16 (IFB17) Oct-35 12.90 12.50 0.00 IFB1/2020/9 (IFB18)  Apr-29 11.40 11.25 0.00 IFB1/2020/6 (IFB19) May-26 11.30 10.75 0.00 IFB1/2020/11 (IFB20) Aug-31 12.60 12.50 0.00 IFB1/2021/16 (IFB21) Jan-37 12.95 12.85 0.05 IFB1/2021/18 (IFB22) Mar-39 13.00 12.85 0.00 IFB1/2021/21 (IFB23) Aug-42 13.00 12.85 0.00 IFB1/2022/19 (IFB24) Jan-41 13.10 13.03 0.01   Key Interest Rates   Mov (bps) O/N Interbank 4.8876% 16.83 91 Day T-bill 7.497% 4.90 182 Day T-bill 8.458% 8.50 364 Day T-bill 9.776% 2.10 Inflation 6.47% 91.00   Bond Positions Available Today NSE Implied Yields CBK Weekly Bulletin T-Bill Auction Results Inflation Data - April 2022 Bond Auction Prospectus - May 2022 Trade Now MATHANGANI KARIUKI Director | Bespoke Securities Director, Interest Rates | AKN Investments +254 (0) 732472655 Eikon Messenger:  mathanganik@bespokesecurities.co.ke 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|*