Kenya Bond Market Update: 21 January 2022

Published on
January 21, 2022
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Furahi Today

 
Following the successful bond auction earlier in the week, the CBK enjoyed an oversubscription in the T-bill auction concluded yesterday. The CBK managed to lock in KES 27.937Bn, taking in a bit more than their KES 24Bn target. Attached are the results in full for your perusal. With not much else to update you on, below is a snapshot of what is at play within the secondary market for your consideration. Happy hunting and a lovely weekend ahead! 
 
 
Indicative Two-Way Quotes - Benchmark Tenors
Benchmark Tenor Bid (%) Offer (%) Mov (t-t0)%
1Yr 9.90 9.45 0.10
2Yr 10.30 10.00 0.00
5yr 11.45 11.40 0.07
10yr 12.90 12.60 0.00
15yr 13.00 12.80 0.00
20yr 13.85 13.80 0.07
25yr 13.70 13.60 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 0.00
IFB1/2016/9
(IFB10)
May-25 10.00 9.60 0.00
IFB1/2015/12
(IFB8)
Mar-27 10.00 9.50 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 12.20 11.80 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 12.15 -0.05
IFB1/2020/9
(IFB18)
Apr-29 11.10 10.90 0.00
IFB1/2020/6
(IFB19)
May-26 10.00 9.70 0.00
IFB1/2020/11
(IFB20)
Aug-31 12.10 11.85 0.00
IFB1/2021/16
(IFB21)
Jan-37 12.45 12.35 -0.03
IFB1/2021/18
(IFB22)
Mar-39 12.45 12.33 0.04
IFB1/2021/21
(IFB23)
Aug-42 12.60 12.50 0.03
 
Key Interest Rates   Mov (bps)
O/N Interbank 4.2996% -270.04
91 Day T-bill 7.331% 2.20
182 Day T-bill 8.069% -1.20
364 Day T-bill 9.510% 3.60
Inflation 5.73% -7.00

 
Bond Positions Available Today
T-Bill Auction Results
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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