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View this email in your browser 9 To Go This week’s T-bill auction was oversubscribed as bids amounting to KES 29.220Bn were submitted. However, the CBK only accepted KES 17.412Bn of these bids as they stepped in to mitigate the push for higher yields on the 91D T-bill. Attached are the results in full for your perusal. For your trading activities ahead, below is a snapshot of what is at play within the secondary market for your consideration. Happy hunting and weekending 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 10.30 9.90 0.00 2Yr 11.75 11.00 0.00 5yr 13.70 13.50 0.00 10yr 13.95 13.80 0.00 15yr 14.00 13.80 0.00 20yr 14.10 13.90 0.00 25yr 14.35 14.20 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 12.00 11.45 0.00 IFB1/2016/9 (IFB10) May-25 12.00 11.45 0.00 IFB1/2015/12 (IFB8) Mar-27 12.20 12.00 0.00 IFB1/2017/12 (IFB12) Feb-29 12.00 11.00 0.00 IFB1/2016/15 (IFB11) Oct-31 13.20 12.70 0.00 IFB1/2018/15 (IFB14) Jan-33 13.60 13.20 0.00 IFB1/2018/20 (IFB15) Oct-38 13.80 13.50 0.00 IFB1/2019/25 (IFB16) Feb-44 14.00 12.90 0.00 IFB1/2019/16 (IFB17) Oct-35 13.70 13.50 0.00 IFB1/2020/9 (IFB18) Apr-29 13.20 12.70 0.00 IFB1/2020/6 (IFB19) May-26 12.30 12.00 0.00 IFB1/2020/11 (IFB20) Aug-31 13.20 12.80 0.00 IFB1/2021/16 (IFB21) Jan-37 13.75 13.50 0.00 IFB1/2021/18 (IFB22) Mar-39 13.85 13.50 0.00 IFB1/2021/21 (IFB23) Aug-42 14.00 13.50 0.00 IFB1/2022/19 (IFB24) Jan-41 13.90 13.50 0.00 IFB1/2022/18 (IFB25) May-40 13.75 13.50 0.00 IFB1/2022/14 (IFB26) Oct-36 13.90 13.80 0.00 IFB1/2022/6 (IFB27) Nov-28 13.30 13.20 0.00   Key  Interest Rates   Mov (bps) O/N Interbank 5.0566% 1.79 91 Day T-bill 9.356% 2.90 182 Day T-bill 9.821% 2.50 364 Day T-bill 10.299% 5.40 Inflation 9.48% -11.00     Attached are the bond positions available today, this week’s T-bill auction results, the IFB1/2022/6Yr December 2022 TAP-SALE Prospectus and the January 2023 Prospectus of the Re-opened FXD1/2020/5Yr & FXD1/2022/15Yr. Bond Positions Available Today T-bill Auction Results IFB1/2022/6Yr December 2022 Tap-Sale Trade Now View Previous Market Updates Share Tweet Share Copyright © 2022 Bespoke Securities Limited, All Rights Reserved.

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