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View this email in your browser Finally Friday   This week’s T-bill auction was significantly oversubscribed on the back of a healthy chunk of T-bills maturing. The maturities in play totaled KES 50.012Bn, of which KES 45.337Bn was rolled over into this week’s auction. The CBK accepted KES 45.285Bn of the bids submitted, with the lion’s share going to the 91D T-bill as the market’s preference remains in the shortest dated options available. Attached are the results in full for your perusal. For your plays today, below is a snapshot of what is at play within the secondary market. Happy hunting and enjoy the weekend ahead!   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 14.10 13.85 0.20 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 0.00 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 0.00 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 13.35 13.20 0.02 IFB1/2023/17 (IFB28) Feb-40 14.40 14.35 0.00   Key  Interest Rates   Mov (bps) O/N Interbank 9.3323% -22.03 91 Day T-bill 10.410% 9.20 182 Day T-bill 10.853% 17.50 364 Day T-bill 11.270% 10.00 Central Bank Rate (CBR) 9.50% 75.00 Inflation 7.90% -129.00   Attached are the bond positions available today and the T-bill auction results.   Bond Positions T-bill Auction Results Trade Now View Previous Market Updates Share Tweet Share Copyright © 2022 Bespoke Securities Limited, All Rights Reserved.

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