I currently have on sale a crystal ball in case anyone would be interested! The FXD1/2023/3Yr results came in as follows:
Average: 14.2228%
Subscription: KES 20.293Bn in bids accepted from a total of KES 20.744Bn in bids received
All in all, I can score myself a 50% with regards to my predictions as I got the subscription right, but was slightly off in my prediction of the rate. I will be better prepared for the next one.
For your plays today, below is a snapshot of what is at play within the secondary market. Happy hunting!
Below are the two-way quotes for the benchmark tenors:
Indicative Two-Way Quotes - Benchmark Tenors
Benchmark Tenor
Bid (%)
Offer (%)
Mov (t-t0)%
1Yr
11.50
11.00
0.00
2Yr
13.50
13.10
0.00
5yr
14.00
13.65
0.00
10yr
14.30
14.10
0.00
15yr
14.60
14.30
0.00
20yr
14.75
14.30
0.00
25yr
14.75
14.50
0.00
Below are details of the two-way quotes for the infrastructure bonds and the key rates:
Indicative Two-Way Quotes - IFB Series
IFB series
Maturity
Bid (%)
Offer (%)
Mov (t-t0)%
IFB1/2017/7 (IFB13)
Nov-24
13.20
12.70
0.00
IFB1/2016/9 (IFB10)
May-25
13.20
13.00
0.00
IFB1/2015/12 (IFB8)
Mar-27
13.30
13.00
0.00
IFB1/2017/12 (IFB12)
Feb-29
13.80
13.00
0.00
IFB1/2016/15 (IFB11)
Oct-31
14.00
13.00
0.00
IFB1/2018/15 (IFB14)
Jan-33
14.30
14.10
0.10
IFB1/2018/20 (IFB15)
Oct-38
14.40
14.00
0.00
IFB1/2019/25 (IFB16)
Feb-44
14.50
14.00
0.00
IFB1/2019/16 (IFB17)
Oct-35
14.20
13.80
0.00
IFB1/2020/9 (IFB18)
Apr-29
13.75
13.50
0.15
IFB1/2020/6 (IFB19)
May-26
13.00
12.00
0.00
IFB1/2020/11 (IFB20)
Aug-31
14.20
14.00
0.00
IFB1/2021/16 (IFB21)
Jan-37
14.00
13.60
0.00
IFB1/2021/18 (IFB22)
Mar-39
14.00
13.60
0.00
IFB1/2021/21 (IFB23)
Aug-42
14.20
13.80
0.00
IFB1/2022/19 (IFB24)
Jan-41
14.00
13.50
0.00
IFB1/2022/18 (IFB25)
May-40
14.00
13.70
0.00
IFB1/2022/14 (IFB26)
Oct-36
14.00
13.70
0.00
IFB1/2022/6 (IFB27)
Nov-28
13.30
13.20
-0.05
IFB1/2023/17 (IFB28)
Feb-40
14.40
14.35
0.00
Key Interest Rates
Mov (bps)
O/N Interbank
9.5526%
-13.20
91 Day T-bill
10.318%
4.30
182 Day T-bill
10.678%
16.70
364 Day T-bill
11.170%
4.60
Central Bank Rate (CBR)
9.50%
75.00
Inflation
7.90%
-129.00
Attached are the bond positions available today and the FXD1/2023/3Yr bond auction results.
