Week One, All Done!
This week where I have tried my hand at being a rapper with the catchy rhymes but worry not, this will be the last one….maybe.
It has been a slow start to the year with the market maintaining the net-offered position from last year. There has not been too much liquidity floating around the secondary space with the CBK auctioning the FXD1/2020/5Yr and the first T-Bills of the year, both of which were marginally undersubscribed. I believe liquidity levels will play a major role in how the secondary market behaves and as long as liquidity remains low, we may see the net-offered position in the market stay with us a bit longer.
As always, below is a snapshot of what is at play within the secondary market. Happy hunting and do have yourself a lovely weekend!