Lucky Dube Monday
Today marks the anniversary of the untimely death of the talented reggae artist, Lucky Dube. His death also was the day I learnt he was South African (I am pretty sure I am not the only one).
Attached is the CBK weekly report to assist in your reading of the market and updated benchmark Yield Curve levels are to be found on the attached pricelist. I have also attached the NSE Implied Yields for the NSE valuations of all the bonds.
For the rest of your plays, below is a snapshot of what is at play within the secondary market.
Happy hunting and do have yourself a lovely week.
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|
| Indicative Two-Way Quotes - Benchmark Tenors |
| Benchmark Tenor |
Bid (%) |
Offer (%) |
Mov (t-t0)% |
| 1Yr |
8.80 |
8.50 |
0.00 |
| 2Yr |
9.60 |
9.20 |
0.00 |
| 5yr |
11.20 |
11.00 |
0.00 |
| 10yr |
12.20 |
12.10 |
0.00 |
| 15yr |
12.90 |
12.65 |
0.00 |
| 20yr |
13.45 |
13.35 |
0.02 |
| 25yr |
13.85 |
13.85 |
0.10 |
|
|
| Indicative Two-Way Quotes - IFB Series |
| IFB series |
Maturity |
Bid (%) |
Offer (%) |
Mov (t-t0)% |
| IFB1/2017/7 (IFB13) |
Nov-24 |
9.20 |
8.75 |
0.00 |
| IFB1/2016/9 (IFB10) |
May-25 |
9.20 |
8.75 |
0.00 |
| IFB1/2015/12 (IFB8) |
Mar-27 |
9.50 |
9.00 |
0.00 |
| IFB1/2017/12 (IFB12) |
Feb-29 |
10.80 |
10.60 |
0.00 |
| IFB1/2016/15 (IFB11) |
Oct-31 |
11.10 |
11.00 |
0.00 |
| IFB1/2018/15 (IFB14) |
Jan-33 |
11.45 |
11.25 |
0.00 |
| IFB1/2018/20 (IFB15) |
Oct-38 |
12.00 |
11.65 |
-0.03 |
| IFB1/2019/25 (IFB16) |
Feb-44 |
12.50 |
12.10 |
0.00 |
| IFB1/2019/16 (IFB17) |
Oct-35 |
12.00 |
11.80 |
0.00 |
| IFB1/2020/9 (IFB18) |
Apr-29 |
10.95 |
10.70 |
0.00 |
| IFB1/2020/6 (IFB19) |
May-26 |
9.30 |
9.00 |
0.00 |
| IFB1/2020/11 (IFB20) |
Aug-31 |
11.10 |
10.85 |
-0.03 |
| IFB1/2021/16 (IFB21) |
Jan-37 |
12.20 |
12.00 |
0.00 |
| IFB1/2021/18 (IFB22) |
Mar-39 |
12.30 |
12.00 |
-0.03 |
| IFB1/2021/21 (IFB23) |
Aug-42 |
12.55 |
12.50 |
0.00 |
|
|
| Key Interest Rates |
|
Mov (bps) |
| O/N Interbank |
4.2534% |
61.46 |
| 91 Day T-bill |
6.952% |
1.70 |
| 182 Day T-bill |
7.428% |
11.20 |
| 364 Day T-bill |
8.225% |
19.70 |
| Inflation |
6.91% |
34.00 |
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