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View this email in your browser Last Chance to Tap The TAP Sale closes today and bids must be submitted at the CBK by 2.00 PM. Attached is the prospectus for any additional information required. The T-bill auction continues to attract lots of interest as we witness another significantly oversubscribed performance. The CBK managed to lock in KES 44.719Bn from a total of KES 45.914Bn in bids received. Interest remains heavily skewed towards the shorter dated bills as risk aversion continues to be signaled by market players. Attached are the auction results in full for your perusal. Away from this, below is a snapshot of what is at play within the secondary market for your consideration. Happy hunting, tapping, bidding and weekending!   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 13.90 13.70 0.00 10yr 14.20 14.17 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 12.50 12.00 0.00 IFB1/2017/12 (IFB12) Feb-29 12.80 12.00 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 13.50 13.00 0.00 IFB1/2021/16 (IFB21) Jan-37 13.80 13.70 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 13.15 0.00     Key  Interest Rates   Mov (bps) O/N Interbank 6.2192% 3.56 91 Day T-bill 9.623% 2.20 182 Day T-bill 10.079% 3.70 364 Day T-bill 10.638% 3.50 Inflation 8.98% -8.00     Attached are the bond positions available today, the T-bill auction results, the TAP Sale Prospectus for the FXD1/2017/10Yr & FXD1/2023/10Yr and the IFB1/2023/17Yr Bond Prospectus. Bond Positions Available Today T-bill Auction Results FXD1/2017/10Yr & FXD1/2023/10Yr IFB1/2023/17Yr Trade Now View Previous Market Updates Share Tweet Share Copyright © 2022 Bespoke Securities Limited, All Rights Reserved.

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