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View this email in your browser Tap Tuesday      It’s been a while but the CBK has announced a Tap Sale for the papers auctioned in the recently concluded March bond auction. Attached are the details of the Tap Sale for your perusal. The market’s attention will be pulled towards the Tap Sale but the rest of the market still has good value on offer and as always, below is a snapshot of what is at play within the secondary market for your consideration. Happy hunting and tapping!   Indicative Two-Way Quotes - Benchmark Tenors Benchmark Tenor Bid (%) Offer (%) Mov (t-t0)% 1Yr 9.90 9.70 0.00 2Yr 10.55 10.20 0.00 5Yr 12.00 11.60 0.00 10Yr 12.90 12.60 0.00 15Yr  13.80 13.70 0.02 20Yr 13.85 13.75 0.05 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 10.50 10.00 0.00 IFB1/2017/12 (IFB12) Feb-29 11.00 10.60 0.00 IFB1/2016/15 (IFB11) Oct-31 12.50 11.50 0.00 IFB1/2018/15 (IFB14) Jan-33 12.40 12.00 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 12.40 0.00 IFB1/2020/9 (IFB18) Apr-29 11.30 11.00 0.00 IFB1/2020/6 (IFB19) May-26 10.30 10.75 0.00 IFB1/2020/11 (IFB20) Aug-31 12.50 12.30 0.00 IFB1/2021/16 (IFB21) Jan-37 12.50 12.45 0.00 IFB1/2021/18 (IFB22) Mar-39 12.75 12.50 0.00 IFB1/2021/21 (IFB23) Aug-42 12.85 12.75 0.00 IFB1/2022/19 (IFB24) Jan-41 13.05 12.98 0.01   Key Interest Rates   Mov (bps) O/N Interbank 4.3540% -12.97 91 Day T-bill 7.206% -5.90 182 Day T-bill 8.032% -3.10 364 Day T-bill 9.771% -0.30 Inflation 5.08% -31.00   Bond Positions Available Today March Tap Sale Trade Now MATHANGANI KARIUKI Director | Bespoke Securities Director, Interest Rates | AKN Investments +254 (0) 732472655 Eikon Messenger:  mathanganik@bespokesecurities.co.ke View Previous Market Updates Share Tweet Share Copyright © 2021 Bespoke Securities Limited, All Rights Reserved.

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