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View this email in your browser Weekend Time   The T-bill auction was oversubscribed as liquidity in the local space improved after taking a hit once the payments of this month’s bond auction were submitted. Out of KES 26.073Bn in bids received in the T-bill auction, the CBK accepted KES 23.254Bn as they look to mitigate the push for higher rates from the market. Attached are the results in full for your perusal. For the day ahead, below is a snapshot of what is at play within the secondary market for your consideration. Happy Hunting and enjoy the weekend!    Indicative Two-Way Quotes - Benchmark Tenors Benchmark Tenor Bid (%) Offer (%) Mov (t-t0)% 1Yr 9.20 8.80 0.00 2Yr 10.00 9.50 0.00 5yr 11.25 11.20 0.00 10yr 12.50 12.20 0.00 15yr 13.00 12.80 0.00 20yr 13.50 13.30 0.00 25yr 13.75 13.70 0.00   Indicative Two-Way Quotes - IFB Series IFB series Maturity Bid (%) Offer (%) Mov (t-t0)% IFB1/2017/7 (IFB13) Nov-24 9.90 9.50 -0.05 IFB1/2016/9 (IFB10) May-25 10.00 9.60 0.00 IFB1/2015/12 (IFB8) Mar-27 9.75 9.25 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 11.45 11.35 0.00 XIFB1/2018/20 (IFB15) Oct-38 12.00 11.80 0.00 IFB1/2019/25 (IFB16) Feb-44 12.50 12.15 0.00 IFB1/2019/16 (IFB17) Oct-35 12.35 12.10 0.00 IFB1/2020/9 (IFB18) Apr-29 11.20 11.00 0.00 IFB1/2020/6 (IFB19) May-26 9.75 9.25 0.00 IFB1/2020/11 (IFB20) Aug-31 11.55 11.35 0.10 IFB1/2021/16 (IFB21) Jan-37 12.40 12.20 0.00 IFB1/2021/18 (IFB22) Mar-39 12.45 12.20 0.00 IFB1/2021/21 (IFB23) Aug-42 12.575 12.525 0.00   Key  Interest Rates   Mov (bps) O/N Interbank 5.1292% -3.20 91 Day T-bill 7.114% 4.40 182 Day T-bill 7.747% 6.40 364 Day T-bill 8.840% 9.50 Inflation 6.45% -46.00   Bond Positions Available Today Results of T-Bill Auction Trade Now MATHANGANI KARIUKI Director | Bespoke Securities Director, Interest Rates | AKN Investments +254 (0) 732472655 Eikon Messenger:  [email protected] View Previous Market Updates Share Tweet Share Copyright © 2021 Bespoke Securities Limited, All Rights Reserved.

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