Mane Monday
A big congratulations to the people of Senegal after their hard fought win in yesterday’s Africa Cup finals.
The liquidity levels in the local space improved last week as government payments partly offset the shortfall brought about by tax remittances in the previous week. This will go towards supporting the upcoming infrastructure bond auction where the CBK is targeting a chunky KES 75Bn. My expectations will be shared as we close in on the auction.
Attached is the CBK weekly report to assist in your reading of the market and 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 bonds. Below is a snapshot of what is at play within the secondary market for your consideration. Happy hunting!
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