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View this email in your browser Market’s Monday   President William Ruto is spending his morning at the offices of the local stock exchange, the Nairobi Securities Exchange (NSE), as they launch the NSE Market Place. This visit goes to show the importance of the stock market to the new administration. The President and his administration see the stock market as an avenue to access developmental funding for government while enabling regular citizens to access wealth generating opportunities within the stock market through its various products.  Attached is the CBK weekly report to assist in your reading of the market while updated benchmark Yield Curve levels are ready for your perusal on the attached pricelist. I have also attached the NSE Implied Yields for the NSE’s valuations of all the treasuries. To bring it all together, below is a snapshot of what is at play within the secondary market for your consideration. Happy hunting and best wishes for the week ahead!   Indicative Two-Way Quotes - Benchmark Tenors Benchmark Tenor Bid (%) Offer (%) Mov (t-t0)% 1Yr 10.20 9.90 0.00 2Yr 11.50 11.00 0.00 5Yr 13.40 13.10 0.05 10Yr 13.95 13.80 0.00 15Yr  13.95 13.80 0.00 20Yr 14.00 13.80 0.00 25Yr 14.00 13.85 0.00   Indicative Two-Way Quotes - IFB Series IFB Series Maturity Bid (%) Offer (%) Mov (t-t0)% IFB1/2017/7 Nov-24 11.75 11.30 0.00 IFB1/2016/9 May-25 11.75 11.50 0.00 IFB1/2015/12 Mar-27 12.20 12.00 0.00 IFB1/2017/12 Feb-29 12.00 11.00 0.00 IFB1/2016/15 Oct-31 13.20 12.70 0.00 IFB1/2018/15 Jan-33 13.40 12.90 0.00 IFB1/2018/20 Oct-38 13.50 13.00 0.00 IFB1/2019/25 Feb-44 13.50 12.90 0.00 IFB1/2019/16 Oct-35 13.50 13.00 0.00 IFB1/2020/9 Apr-29 13.00 12.70 0.00 IFB1/2020/6 May-26  11.75 11.00 0.00 IFB1/2020/11 Aug-31 13.20 12.75 0.00 IFB1/2021/16 Jan-37 13.50 13.20 0.10 IFB1/2021/18 Mar-39 13.50 13.20 0.05 IFB1/2021/21 Aug-42 13.60 13.30 0.02 IFB1/2022/19 Jan-41 13.55 13.00 0.05 IFB1/2022/18 May-40 13.55 13.35 0.05   Key Interest Rates   Mov (bps) O/N Interbank 5.0981% -1.64 91 Day T-bill 9.036% 8.40 182 Day T-bill 9.639% 0.80 364 Day T-bill 9.905% 0.00 Inflation 9.18% 65.00   Bond Positions Available Today NSE Implied Yields CBK Weekly Bulletin Bond Prospectus - October 2022 Trade Now View Previous Market Updates Share Tweet Share Copyright © 2022 Bespoke Securities Limited, All Rights Reserved.

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