Kenya Bond Market Update: 20 December 2021

Published on
December 20, 2021
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Christmas Week!
 

As we head towards Christmas, 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’s valuations of all the bonds. Below is a snapshot of what is at play within the secondary market. Happy hunting and wishing you the very best this gift-giving week! 
 
Indicative Two-Way Quotes - Benchmark Tenors
Benchmark Tenor Bid (%) Offer (%) Mov (t-t0)%
1Yr 9.20 8.80 0.00
2Yr 9.90 9.70 0.00
5yr 11.35 11.25 -0.02
10yr 12.70 12.55 0.00
15yr 13.00 12.80 0.00
20yr 13.50 13.30 0.00
25yr 13.75 13.65 -0.03
 
Indicative Two-Way Quotes - IFB Series
IFB series Maturity Bid (%) Offer (%) Mov (t-t0)%
IFB1/2017/7
(IFB13)
Nov-24 9.90 9.50 0.00
IFB1/2016/9
(IFB10)
May-25 10.00 9.60 0.00
IFB1/2015/12
(IFB8)
Mar-27 10.00 9.35 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 -0.05
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 12.30 12.10 -0.20
IFB1/2020/9
(IFB18)
Apr-29 11.20 11.00 0.00
IFB1/2020/6
(IFB19)
May-26 10.00 9.70 0.00
IFB1/2020/11
(IFB20)
Aug-31 11.90 11.70 0.00
IFB1/2021/16
(IFB21)
Jan-37 12.45 12.20 -0.03
IFB1/2021/18
(IFB22)
Mar-39 12.45 12.20 -0.06
IFB1/2021/21
(IFB23)
Aug-42 12.55 12.45 -0.07
 
Key  Interest Rates   Mov (bps)
O/N Interbank 4.9152% 29.89
91 Day T-bill 7.265% -1.50
182 Day T-bill 7.977% -0.70
364 Day T-bill 9.164% 7.30
Inflation 5.80% -65.00

 
Bond Positions Available Today
NSE Implied Yields
CBK Weekly Bulletin
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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