Kenya Bond Market Update: 18 March 2022

Published on
March 18, 2022
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Tap-Out Friday      


Today is your last chance to participate in the ongoing Tap Sale on offer from the CBK. Attached is the prospectus for all details pertaining to this Tap Sale. I have also attached this week’s T-bill auction results 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 and weekending!
 
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 0.00
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 0.00
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 12.975
-0.01
 
Key Interest Rates   Mov (bps)
O/N Interbank 4.3456% -2.88
91 Day T-bill 7.252% 4.60
182 Day T-bill 8.093% 6.10
364 Day T-bill 9.763% -0.80
Inflation 5.08% -31.00

 
Bond Positions Available Today
T-Bill Auction Results
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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