Tardy Tuesday
The sale period for the re-opened FXD1/2017/10Yr and FXD1/2020/15Yr bonds closes today. Bids must be submitted at the Central Bank by 2.00 PM. No changes in my expectations, but as a quick reminder, below is how I see things playing out:
- FXD1/2017/10Yr (4.9 years): average of approximately 13.35% - 13.45%
- FXD1/2020/15Yr (12.3 years): average of approximately 13.90% - 13.99%
- Attached is the prospectus for all the required details of this auction
For the rest of your activities, 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 |
10.20 |
9.90 |
0.00 |
| 2Yr |
11.50 |
11.00 |
0.00 |
| 5Yr |
13.00 |
12.50 |
0.00 |
| 10Yr |
13.95 |
13.80 |
0.00 |
| 15Yr |
13.95 |
13.80 |
0.00 |
| 20Yr |
14.00 |
13.80 |
0.00 |
| 25Yr |
14.00 |
13.85 |
0.00 |
|
|
| Indicative Two-Way Quotes - IFB Series |
| IFB Series |
Maturity |
Bid (%) |
Offer (%) |
Mov (t-t0)% |
| IFB1/2017/7 |
Nov-24 |
11.75 |
11.30 |
0.00 |
| IFB1/2016/9 |
May-25 |
11.75 |
11.50 |
0.20 |
| IFB1/2015/12 |
Mar-27 |
12.20 |
12.00 |
0.00 |
| IFB1/2017/12 |
Feb-29 |
12.00 |
11.00 |
0.00 |
| IFB1/2016/15 |
Oct-31 |
13.20 |
12.70 |
0.00 |
| IFB1/2018/15 |
Jan-33 |
13.40 |
12.90 |
0.05 |
| IFB1/2018/20 |
Oct-38 |
13.50 |
13.00 |
0.00 |
| IFB1/2019/25 |
Feb-44 |
13.50 |
12.90 |
0.00 |
| IFB1/2019/16 |
Oct-35 |
13.50 |
13.00 |
0.00 |
| IFB1/2020/9 |
Apr-29 |
13.00 |
12.70 |
0.00 |
| IFB1/2020/6 |
May-26 |
11.75 |
11.00 |
0.00 |
| IFB1/2020/11 |
Aug-31 |
13.20 |
12.75 |
0.00 |
| IFB1/2021/16 |
Jan-37 |
13.30 |
13.00 |
0.00 |
| IFB1/2021/18 |
Mar-39 |
13.40 |
13.20 |
0.00 |
| IFB1/2021/21 |
Aug-42 |
13.55 |
13.30 |
0.00 |
| IFB1/2022/19 |
Jan-41 |
13.45 |
13.00 |
0.00 |
| IFB1/2022/18 |
May-40 |
13.50 |
13.30 |
0.00 |
|
|
| Key Interest Rates |
|
Mov (bps) |
| O/N Interbank |
5.6010% |
-7.65 |
| 91 Day T-bill |
8.952% |
0.10 |
| 182 Day T-bill |
9.631% |
0.60 |
| 364 Day T-bill |
9.905% |
-0.40 |
| Inflation |
8.53% |
21.00 |
|
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