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View this email in your browser Hi there Friday  As the CBK is yet to announce closure of the Tap Sale, bids can still be submitted up until 2.00 PM today.  Attached is the prospectus with all the required information to assist in your decision making. Attached to today’s note are the T-bill auction results from this week’s auction for your perusal.  Below is a snapshot of what is at play within the secondary market for your consideration. Happy hunting, last minute tapping and weekending!   Indicative Two-Way Quotes - Benchmark Tenors Benchmark Tenor Bid (%) Offer (%) Mov (t-t0)% 1Yr 10.00 9.70 0.00 2Yr 11.00 10.55 0.00 5Yr 12.00 11.90 0.02 10Yr 13.55 13.45 0.00 15Yr  13.95 13.85 0.00 20Yr 14.00 13.80 0.00 25Yr 14.00 13.90 0.00   Indicative Two-Way Quotes - IFB Series IFB series Maturity Bid (%) Offer (%) Mov (t-t0)% IFB1/2017/7 (IFB13) Nov-24 11.50 10.50 0.00 IFB1/2016/9 (IFB10) May-25 11.50 10.50 0.00 IFB1/2015/12 (IFB8) Mar-27 11.50 10.50 0.00 IFB1/2017/12 (IFB12) Feb-29 11.50 10.60 0.00 IFB1/2016/15 (IFB11) Oct-31 12.60 12.50 0.00 IFB1/2018/15 (IFB14) Jan-33 13.10 12.80 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 12.50 0.00 IFB1/2020/9 (IFB18)  Apr-29 11.40 11.25 0.00 IFB1/2020/6 (IFB19) May-26 11.30 10.75 0.00 IFB1/2020/11 (IFB20) Aug-31 13.00 12.50 0.00 IFB1/2021/16 (IFB21) Jan-37 13.00 12.85 0.00 IFB1/2021/18 (IFB22) Mar-39 13.10 12.95 0.00 IFB1/2021/21 (IFB23) Aug-42 13.10 13.00 -0.02 IFB1/2022/19 (IFB24) Jan-41 13.15 13.025 -0.04   Key Interest Rates   Mov (bps) O/N Interbank 4.4477% 7.17 91 Day T-bill 7.758% 7.50 182 Day T-bill 8.832% 11.00 364 Day T-bill 9.879% 1.90 Inflation 6.47% 91.00   Bond Positions Available Today T-Bill Auction Results Tap Sale Prospectus - May 2022 Trade Now MATHANGANI KARIUKI Director | Bespoke Securities Director, Interest Rates | AKN Investments +254 (0) 732472655 Eikon Messenger:  mathanganik@bespokesecurities.co.ke View Previous Market Updates Share Tweet Share Copyright © 2022 Bespoke Securities Limited, All Rights Reserved.

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