Kenya Bond Market Update: 14 April 2022

Published on
April 14, 2022
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Good Thursday  


Long weekend ahead as we break for the Easter holidays but before we do that, we have a work day to get through. As a start, the T-bill auction was a day early to accommodate the long weekend with the CBK had another dismal outing as tightness in liquidity continues to affect the market. Attached are the results in full for your perusal. For your day’s trading activities, below is a snapshot of what is at play within the secondary market for your consideration. Happy hunting and a blessed weekend ahead! 
 
Indicative Two-Way Quotes - Benchmark Tenors
Benchmark Tenor Bid (%) Offer (%) Mov (t-t0)%
1Yr 10.00 9.70 0.05
2Yr 11.00 10.50 0.20
5Yr 12.00 11.85 0.05
10Yr 12.90 12.60 0.00
15Yr  13.80 13.50 0.00
20Yr 13.85 13.80 0.00
25Yr 14.00 13.75 0.00
 
Indicative Two-Way Quotes - IFB Series
IFB series Maturity Bid (%) Offer (%) Mov (t-t0)%
IFB1/2017/7
(IFB13)
Nov-24 10.35 9.90 0.00
IFB1/2016/9
(IFB10)
May-25 10.35 9.90 0.00
IFB1/2015/12
(IFB8)
Mar-27 11.00 10.00 0.00
IFB1/2017/12
(IFB12)
Feb-29 11.00 10.60 0.00
IFB1/2016/15
(IFB11)
Oct-31 12.50 12.25 0.00
IFB1/2018/15
(IFB14)
Jan-33 12.50 12.25 0.00
IFB1/2018/20
(IFB15)
Oct-38 12.90 12.50 0.00
IFB1/2019/25
(IFB16)
Feb-44 13.00 12.50 0.00
IFB1/2019/16
(IFB17)
Oct-35 12.90 12.50 0.00
IFB1/2020/9
(IFB18) 
Apr-29 11.40 11.25 0.00
IFB1/2020/6
(IFB19)
May-26 11.30 10.75 0.00
IFB1/2020/11
(IFB20)
Aug-31 12.80 12.65 0.13
IFB1/2021/16
(IFB21)
Jan-37 12.90 12.70 0.00
IFB1/2021/18
(IFB22)
Mar-39 13.00 12.80 0.00
IFB1/2021/21
(IFB23)
Aug-42 13.00 12.80 0.00
IFB1/2022/19
(IFB24)
Jan-41 13.05 13.00
0.01
 
Key Interest Rates   Mov (bps)
O/N Interbank 4.3432% -15.51
91 Day T-bill 7.424% 4.70
182 Day T-bill 8.315% 9.60
364 Day T-bill 9.745% 0.20
Inflation 5.56% 48.00

 
Bond Positions Available Today
T-Bill Auction Results
Bond Auction Prospectus - April 2022
Trade Now

MATHANGANI KARIUKI


Director | Bespoke Securities

Director, Interest Rates | AKN Investments


+254 (0) 732472655

Eikon Messenger: 
mathanganik@bespokesecurities.co.ke
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