Kenya Bond Market Update: 17 March 2022

Published on
March 17, 2022
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Pretend Friday      


Just your daily reminder that the Tap Sale is still on and attached is the prospectus for all the details required. Away from this, 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 0.00
20Yr 13.85 13.75 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 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 12.60 0.10
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 12.90 12.70 0.13
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 13.00
0.00
 
Key Interest Rates   Mov (bps)
O/N Interbank 4.3744% 9.02
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
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