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View this email in your browser Best Day   A good outing for the CBK this week as they follow the massively oversubscribed bond auction with an oversubscribed, albeit marginally, T-bill auction. For a full picture of how the T-bill auction played out, please find the results attached to this email.  Following the successful bond auction earlier in the week, the secondary space has shown signs of life although largely concentrated on this new IFB1/2022/19Yr bond issue as the investors who missed out at the auction rushed to lock in the paper from the secondary market. Below is a snapshot of what is at play for your consideration in today’s trading session. Happy hunting and a lovely weekend ahead!     Indicative Two-Way Quotes - Benchmark Tenors Benchmark Tenor Bid (%) Offer (%) Mov (t-t0)% 1Yr 9.90 9.70 0.00 2Yr 10.30 10.10 0.00 5Yr 11.45 11.35 0.00 10Yr 12.90 12.60 0.00 15Yr  13.00 12.80 0.00 20Yr 13.80 13.70 0.00 25Yr 13.90 13.70 0.00   Indicative Two-Way Quotes - IFB Series IFB series Maturity Bid (%) Offer (%) Mov (t-t0)% IFB1/2017/7 (IFB13) Nov-24 10.00 9.50 0.00 IFB1/2016/9 (IFB10) May-25 10.00 9.60 0.00 IFB1/2015/12 (IFB8) Mar-27 10.00 9.50 0.00 IFB1/2017/12 (IFB12) Feb-29 10.80 10.60 0.00 IFB1/2016/15 (IFB11) Oct-31 11.40 11.20 0.00 IFB1/2018/15 (IFB14) Jan-33 12.25 11.90 0.00 IFB1/2018/20 (IFB15) Oct-38 12.00 11.80 0.00 IFB1/2019/25 (IFB16) Feb-44 12.50 12.20 0.00 IFB1/2019/16 (IFB17) Oct-35 12.35 12.15 0.00 IFB1/2020/9 (IFB18) Apr-29 11.30 11.00 0.00 IFB1/2020/6 (IFB19) May-26 10.10 9.70 0.00 IFB1/2020/11 (IFB20) Aug-31 12.30 12.00 0.00 IFB1/2021/16 (IFB21) Jan-37 12.45 12.30 0.00 IFB1/2021/18 (IFB22) Mar-39 12.55 12.30 0.00 IFB1/2021/21 (IFB23) Aug-42 12.80 12.60 0.00 IFB1/2022/19 (IFB24) Jan-41 12.85 12.75 -0.06   Key Interest Rates   Mov (bps) O/N Interbank 4.7322% 36.37 91 Day T-bill 7.250% -3.50 182 Day T-bill 8.075% -3.30 364 Day T-bill 9.724% 5.60 Inflation 5.39% -34.00   Bond Positions Available Today T-Bill Auction Results Trade Now MATHANGANI KARIUKI Director | Bespoke Securities Director, Interest Rates | AKN Investments +254 (0) 732472655 Eikon Messenger:  mathanganik@bespokesecurities.co.ke View Previous Market Updates Share Tweet Share Copyright © 2021 Bespoke Securities Limited, All Rights Reserved.

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