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View this email in your browser Thirsty Thursday The rains are here, at least in Nairobi, after quite the dry spell. The IFB1/2023/17Yr TAP Sale is still on as the CBK looks to quench its thirst by targeting KES 20Bn. Attached is the prospectus with all the details required when submitting your bid. For your other trading activities for the day, below is a snapshot of what is at play within the secondary market for your consideration. Happy hunting and tapping!   Below are the two-way quotes for the benchmark tenors:   Indicative Two-Way Quotes - Benchmark Tenors Benchmark Tenor Bid (%) Offer (%) Mov (t-t0)% 1Yr 11.00 10.50 0.00 2Yr 12.80 12.50 0.00 5yr 13.80 13.70 0.00 10yr 14.20 14.10 0.00 15yr 14.20 14.00 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 12.50 12.00 0.00 IFB1/2016/9 (IFB10) May-25 12.50 12.00 0.00 IFB1/2015/12 (IFB8) Mar-27 12.60 12.00 0.00 IFB1/2017/12 (IFB12) Feb-29 12.75 12.00 0.00 IFB1/2016/15 (IFB11) Oct-31 13.50 13.00 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 13.50 13.00 0.00 IFB1/2021/16 (IFB21) Jan-37 13.75 13.60 0.00 IFB1/2021/18 (IFB22) Mar-39 13.85 13.60 0.00 IFB1/2021/21 (IFB23) Aug-42 14.20 13.80 0.00 IFB1/2022/19 (IFB24) Jan-41 13.90 13.50 0.00 IFB1/2022/18 (IFB25) May-40 13.80 13.70 0.00 IFB1/2022/14 (IFB26) Oct-36 13.80 13.70 0.00 IFB1/2022/6 (IFB27) Nov-28 13.20 13.05 0.00 IFB1/2023/17 (IFB28) Feb-40 14.45 14.35 -0.03     Key  Interest Rates   Mov (bps) O/N Interbank 6.8426% 8.23 91 Day T-bill 9.742% 4.40 182 Day T-bill 10.216% 5.10 364 Day T-bill 10.747% 5.70 Inflation 9.23% 25.00     Attached are the bond positions available today and the IFB1/2023/17Yr Tap Sale Prospectus. Bond Positions Available Today IFB1/2023/17Yr Tap Sale Trade Now View Previous Market Updates Share Tweet Share Copyright © 2022 Bespoke Securities Limited, All Rights Reserved.

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