A quick reminder that the CBK has brought back the FXD1/2023/3Yr via a Tap-Sale in a bid to secure KES 10Bn. The sale-period closes today so please have your bids at the CBK by the 2.00 P.M deadline. Attached is the prospectus for all the required details. Attached as well are the T-bill results from this week’s auction. The auction was oversubscribed on the back of KES 48.384Bn incoming in form of maturities. The CBK managed to lock in KES 35.968Bn with the shortest bill, the 91D T-bill, remaining the market’s favourite option.
Below is a snapshot of what is at play within the secondary market for your consideration. Happy hunting, tapping and weekending!
Below are the two-way quotes for the benchmark tenors:
Indicative Two-Way Quotes - Benchmark Tenors
Benchmark Tenor
Bid (%)
Offer (%)
Mov (t-t0)%
1Yr
11.75
11.25
0.00
2Yr
13.75
13.20
0.00
5yr
14.20
14.00
0.00
10yr
14.30
14.10
0.00
15yr
14.60
14.30
0.00
20yr
14.75
14.40
0.00
25yr
14.75
14.40
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
13.20
12.70
0.00
IFB1/2016/9 (IFB10)
May-25
13.20
13.00
0.00
IFB1/2015/12 (IFB8)
Mar-27
13.30
13.00
0.00
IFB1/2017/12 (IFB12)
Feb-29
13.80
13.00
0.00
IFB1/2016/15 (IFB11)
Oct-31
14.00
13.00
0.00
IFB1/2018/15 (IFB14)
Jan-33
14.30
14.10
0.00
IFB1/2018/20 (IFB15)
Oct-38
14.40
14.00
0.00
IFB1/2019/25 (IFB16)
Feb-44
14.50
14.00
0.00
IFB1/2019/16 (IFB17)
Oct-35
14.20
13.80
0.00
IFB1/2020/9 (IFB18)
Apr-29
13.75
13.50
0.00
IFB1/2020/6 (IFB19)
May-26
13.00
12.00
0.00
IFB1/2020/11 (IFB20)
Aug-31
14.20
14.00
0.00
IFB1/2021/16 (IFB21)
Jan-37
14.50
14.00
0.10
IFB1/2021/18 (IFB22)
Mar-39
14.50
14.00
0.10
IFB1/2021/21 (IFB23)
Aug-42
14.50
14.00
0.12
IFB1/2022/19 (IFB24)
Jan-41
14.50
14.00
0.10
IFB1/2022/18 (IFB25)
May-40
14.50
14.00
0.00
IFB1/2022/14 (IFB26)
Oct-36
14.50
14.00
0.00
IFB1/2022/6 (IFB27)
Nov-28
13.30
13.20
0.00
IFB1/2023/17 (IFB28)
Feb-40
14.60
14.40
0.03
Key Interest Rates
Mov (bps)
O/N Interbank
9.2609%
2.21
91 Day T-bill
10.518%
10.80
182 Day T-bill
10.978%
12.50
364 Day T-bill
11.390%
12.00
Central Bank Rate (CBR)
9.50%
75.00
Inflation
7.90%
-129.00
Attached are the bond positions available today, the T-bill auction results and the Tap-Sale prospectus for the FXD1/2023/3Yr.