Final day of the Tap Sale for the recently auctioned FXD1/2016/10Yr and FXD1/2023/5Yr. Bids must be submitted at the Central bank by 2.00 P.M EAT. Attached is the prospectus with all the details required to assist your bidding process. This week’s T-bill auction results have also been attached for your perusal. The rates continue edging up with the 364D closing in on the 13% mark. Interest in the bills continues to be a factor of the incoming maturities and this interest remains skewed towards the shortest T-bill, the 91D T-bill. For your trading activities for the day ahead, below is a snapshot of what is at play within the secondary market for your consideration. Happy hunting and last-minute tapping!
Below are the two-way quotes for the benchmark tenors:
Indicative Two-Way Quotes - Benchmark Tenors
Benchmark Tenor
Bid (%)
Offer (%)
Mov (t-t0)%
1Yr
13.00
12.50
0.30
2Yr
15.50
14.50
-0.20
5yr
16.90
16.60
0.00
10yr
16.00
15.00
0.00
15yr
16.00
15.00
0.00
20yr
16.00
15.00
0.00
25yr
16.00
15.00
0.00
Below are details of the two-way quotes for the infrastructure bonds and the key rates:
Indicative Two-Way Quotes - IFB Series
IFB series
Maturity
Bid (%)
Offer (%)
Mov (t-t0)%
IFB1/2017/7 (IFB13)
Nov-24
12.60
12.00
0.00
IFB1/2016/9 (IFB10)
May-25
13.20
12.60
0.00
IFB1/2015/12 (IFB8)
Mar-27
13.30
13.00
0.00
IFB1/2017/12 (IFB12)
Feb-29
13.80
13.00
0.00
IFB1/2016/15 (IFB11)
Oct-31
14.00
13.00
0.00
IFB1/2018/15 (IFB14)
Jan-33
14.50
14.10
0.00
IFB1/2018/20 (IFB15)
Oct-38
15.50
14.00
0.00
IFB1/2019/25 (IFB16)
Feb-44
16.15
16.00
-0.10
IFB1/2019/16 (IFB17)
Oct-35
14.50
13.80
0.00
IFB1/2020/9 (IFB18)
Apr-29
13.75
13.50
0.00
IFB1/2020/6 (IFB19)
May-26
13.00
12.00
0.00
IFB1/2020/11 (IFB20)
Aug-31
14.50
14.10
0.00
IFB1/2021/16 (IFB21)
Jan-37
15.50
14.50
0.00
IFB1/2021/18 (IFB22)
Mar-39
15.70
14.50
0.00
IFB1/2021/21 (IFB23)
Aug-42
16.50
15.00
0.00
IFB1/2022/19 (IFB24)
Jan-41
15.50
14.50
0.00
IFB1/2022/18 (IFB25)
May-40
15.70
15.50
0.00
IFB1/2022/14 (IFB26)
Oct-36
15.50
14.50
0.00
IFB1/2022/6 (IFB27)
Nov-28
13.30
13.20
0.00
IFB1/2023/17 (IFB28)
Feb-40
15.50
14.50
0.00
IFB1/2023/7 (IFB29)
Jun-30
15.40
15.25
0.00
Key Interest Rates
Mov (bps)
O/N Interbank
9.7641%
52.12
91 Day T-bill
12.233%
12.40
182 Day T-bill
12.322%
5.10
364 Day T-bill
12.708%
25.60
Central Bank Rate (CBR)
10.50%
100.00
Inflation
7.90%
-10.00
Attached are the bond positions available today, the T-bill auction results and the July Tap-Sale Prospectus.
