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View this email in your browser Friday Friday   Interest in T-bills remained high this week on the back of another healthy portion of incoming maturities. The CBK managed to lock in KES 43.579Bn in bids with interest remaining heavily skewed towards the 91D T-bill as investors continue to favour shorter-dated instruments. The 182D T-bill has been a focal point in terms of how the T-bill curve takes shape. After being the highest point last week, the 182D T-bill became the lowest point after its rate surprisingly dropped. Attached are the results in full for your perusal. For the day’s trading activities, 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 13.75 13.25 0.00 2Yr 17.00 16.00 -0.25 5yr 18.00 17.00 -0.25 10yr 17.00 16.50 0.00 15yr 17.00 16.00 0.00 20yr 17.00 16.00 0.00 25yr 17.00 16.00 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 13.50 12.75 0.00 IFB1/2016/9 (IFB10) May-25 13.50 13.00 0.00 IFB1/2015/12 (IFB8) Mar-27 14.00 13.00 0.00 IFB1/2017/12 (IFB12) Feb-29 15.00 14.00 0.00 IFB1/2016/15 (IFB11) Oct-31 15.00 14.00 0.00 IFB1/2018/15 (IFB14) Jan-33 15.00 14.50 0.00 IFB1/2018/20 (IFB15) Oct-38 16.00 15.00 0.00 IFB1/2019/25 (IFB16) Feb-44 16.50 15.00 0.00 IFB1/2019/16 (IFB17) Oct-35 16.00 15.00 0.00 IFB1/2020/9 (IFB18) Apr-29 14.50 14.00 0.00 IFB1/2020/6 (IFB19) May-26 13.00 12.00 0.00 IFB1/2020/11 (IFB20) Aug-31 15.00 14.75 0.00 IFB1/2021/16 (IFB21) Jan-37 15.75 15.00 0.00 IFB1/2021/18 (IFB22) Mar-39 15.70 15.00 0.00 IFB1/2021/21 (IFB23) Aug-42 16.50 15.30 0.00 IFB1/2022/19 (IFB24) Jan-41 15.50 15.00 0.00 IFB1/2022/18 (IFB25) May-40 15.70 15.50 0.00 IFB1/2022/14 (IFB26) Oct-36 16.00 15.00 0.00 IFB1/2022/6 (IFB27) Nov-28 13.30 13.20 0.00 IFB1/2023/17 (IFB28) Feb-40 15.70 15.00 0.00 IFB1/2023/7 (IFB29) Jun-30 15.90 15.50 0.00   Key  Interest Rates   Mov (bps) O/N Interbank 11.2175% 101.23 91 Day T-bill 13.4754% 36.50 182 Day T-bill 13.2758% -16.23 364 Day T-bill 13.7459% 40.57 Central Bank Rate (CBR) 10.50% 0.00 Inflation 7.30% -70.00   Attached are the bond positions available today and this week’s T-bill auction results.   Bond Positions T-bill Auction Results Trade Now View Previous Market Updates Share Tweet Share Copyright © 2022 Bespoke Securities Limited, All Rights Reserved.

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