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View this email in your browser No Interest Thursday   A dismal showing at the primary auction yet again as the CBK received KES 10.571Bn in bids, well short of their KES 40Bn target. For a full picture of how little interest was shown in this auction, attached are the results for your perusal. The secondary space remains our bread and butter and below is a snapshot of the bids and offers in play for your consideration. Happy hunting!   Indicative Two-Way Quotes - Benchmark Tenors Benchmark Tenor Bid (%) Offer (%) Mov (t-t0)% 1Yr 10.20 10.00 0.00 2Yr 11.50 11.30 0.00 5Yr 12.50 12.35 0.00 10Yr 13.60 13.50 0.00 15Yr  13.90 13.75 0.00 20Yr 13.95 13.80 0.00 25Yr 13.95 13.80 0.00   Indicative Two-Way Quotes - IFB Series IFB Series Maturity Bid (%) Offer (%) Mov (t-t0)% IFB1/2017/7 Nov-24 11.60 11.00 0.00 IFB1/2016/9 May-25 11.50 11.20 0.00 IFB1/2015/12 Mar-27 12.00 11.75 0.00 IFB1/2017/12 Feb-29 12.00 11.00 0.00 IFB1/2016/15 Oct-31 13.50 13.00 0.00 IFB1/2018/15 Jan-33 13.10 12.80 0.00 IFB1/2018/20 Oct-38 13.80 13.00 0.00 IFB1/2019/25 Feb-44 13.50 12.90 0.00 IFB1/2019/16 Oct-35 13.80 13.00 0.00 IFB1/2020/9 Apr-29 11.40 11.25 0.00 IFB1/2020/6 May-26  11.75 11.00 0.00 IFB1/2020/11 Aug-31 13.75 13.00 0.00 IFB1/2021/16 Jan-37 13.50 12.90 0.00 IFB1/2021/18 Mar-39 13.80 13.00 0.00 IFB1/2021/21 Aug-42 13.80 13.70 0.00 IFB1/2022/19 Jan-41 13.80 13.50 0.00 IFB1/2022/18 May-40 13.70 13.65 0.00   Key Interest Rates   Mov (bps) O/N Interbank 5.3817% 5.78 91 Day T-bill 8.248% 8.10 182 Day T-bill 9.305% 5.20 364 Day T-bill 9.986% 0.60 Inflation 7.91% 81.00   Bond Positions Available Today FXD2/2013/15Yr & FXD2/2018/15Yr Auction Results 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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