Kenya Bond Market Update: 05 January 2022

Published on
January 5, 2022
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 Day 3, how we be!


It may be a slow one today as the market waits for the auction results of the FXD1/2020/5Yr. The results will give us an idea of the potential appetite that will be in play this month. Do remember that the CBK still has on offer the FXD2/2018/10Yr and the FXD1/2021/20Yr that will be auctioned later on this month. Attached is the prospectus for your perusal.

Below is a snapshot of what is at play within the secondary market. Happy hunting and wishing you the best with this auction! 

 
 
Indicative Two-Way Quotes - Benchmark Tenors
Benchmark Tenor Bid (%) Offer (%) Mov (t-t0)%
1Yr 9.60 9.30 0.10
2Yr 10.30 10.00 0.00
5yr 11.50 11.35 0.00
10yr 12.70 12.55 0.00
15yr 13.00 12.80 0.00
20yr 13.50 13.30 0.00
25yr 13.70 13.60 0.00
 
Indicative Two-Way Quotes - IFB Series
IFB series Maturity Bid (%) Offer (%) Mov (t-t0)%
IFB1/2017/7
(IFB13)
Nov-24 9.90 9.50 0.00
IFB1/2016/9
(IFB10)
May-25 10.00 9.60 0.00
IFB1/2015/12
(IFB8)
Mar-27 10.00 9.35 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 12.20 11.80 0.00
XIFB1/2018/20
(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 12.40 12.10 0.00
IFB1/2020/9
(IFB18)
Apr-29 11.10 10.90 0.00
IFB1/2020/6
(IFB19)
May-26 10.00 9.70 0.00
IFB1/2020/11
(IFB20)
Aug-31 12.00 11.70 0.00
IFB1/2021/16
(IFB21)
Jan-37 12.30 12.20 0.00
IFB1/2021/18
(IFB22)
Mar-39 12.45 12.25 0.00
IFB1/2021/21
(IFB23)
Aug-42 12.55 12.45 0.00
 
Key  Interest Rates   Mov (bps)
O/N Interbank 4.5590% -2.00
91 Day T-bill 7.271% 0.70
182 Day T-bill 8.095% 11.30
364 Day T-bill 9.367% 10.20
Inflation 5.73% -7.00

 
Bond Positions Available Today
Bond Auction Prospectus- January 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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