Kenya Bond Market Update: 1 November 2022

Published on
November 1, 2022
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Hi November

 
We are in the second last month of 2022, but December generally does not count, so we really are in the final month of 2022. To get things going, attached is NSE list of Implied Yields for the end of October and these levels have been updated on today’s pricelist. October’s inflation data has also been attached for your perusal. Inflation rose to 9.6% with the breakdown available in the inflation data attached.  For your trading activities ahead, below is a snapshot of what is available in the secondary market for your consideration. Happy hunting and best wishes for the month ahead!

 
Indicative Two-Way Quotes - Benchmark Tenors
Benchmark Tenor Bid (%) Offer (%) Mov (t-t0)%
1Yr 10.20 9.90 0.00
2Yr 11.75 11.00 0.00
5yr 13.40 13.10 0.00
10yr 13.95 13.80 0.00
15yr 14.00 13.80 0.00
20yr 14.10 13.90 0.00
25yr 14.20 14.00 -0.05
 
 
Indicative Two-Way Quotes - IFB Series
IFB series Maturity Bid (%) Offer (%) Mov (t-t0)%
IFB1/2017/7 (IFB13) Nov-24 12.00 11.45 0.20
IFB1/2016/9 (IFB10) May-25 12.00 11.45 0.20
IFB1/2015/12 (IFB8) Mar-27 12.20 12.00 0.00
IFB1/2017/12 (IFB12) Feb-29 12.00 11.00 0.00
IFB1/2016/15 (IFB11) Oct-31 13.20 12.70 0.00
IFB1/2018/15 (IFB14) Jan-33 13.60 13.20 0.00
IFB1/2018/20 (IFB15) Oct-38 13.80 13.00 0.00
IFB1/2019/25 (IFB16) Feb-44 14.00 12.90 0.00
IFB1/2019/16 (IFB17) Oct-35 13.70 13.10 0.00
IFB1/2020/9 (IFB18) Apr-29 13.00 12.70 0.00
IFB1/2020/6 (IFB19) May-26 12.30 12.00 0.00
IFB1/2020/11 (IFB20) Aug-31 13.20 12.80 0.00
IFB1/2021/16 (IFB21) Jan-37 13.75 13.00 0.00
IFB1/2021/18 (IFB22) Mar-39 13.85 13.20 0.00
IFB1/2021/21 (IFB23) Aug-42 14.00 13.30 0.00
IFB1/2022/19 (IFB24) Jan-41 13.90 13.30 0.00
IFB1/2022/18 (IFB25) May-40 13.65 13.35 0.00
 
Key  Interest Rates   Mov (bps)
O/N Interbank 4.8048% -23.44
91 Day T-bill 9.127% 2.70
182 Day T-bill 9.678% 1.40
364 Day T-bill 9.965% 3.70
Inflation 9.60% 42.00
 
Bond Positions Available Today
NSE Implied Yields
Inflation Data for October 2022
Bond Prospectus - November 2022
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