Kenya Bond Market Update: 22 April 2022

Published on
April 22, 2022
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Earth Day


Earth Day is an annual event on April 22nd celebrated to act as a reminder to protect the environment, restore damaged ecosystems and live a more sustainable life. The importance of these principles cannot be more apparent given all the changes taking place in our planet.

Attached are the results for massively improved T-bill auction results of this week. The CBK managed to lock in KES 23.726Bn in new funding, marginally shy of their KES 24Bn target. To assist you in making your plays for the day ahead, 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 10.00 9.70 0.00
2Yr 11.00 10.55 0.00
5Yr 12.00 11.90 0.00
10Yr 12.90 12.60 0.00
15Yr  14.00 13.85 0.03
20Yr 14.00 13.80 0.00
25Yr 14.00 13.75 0.00
 
Indicative Two-Way Quotes - IFB Series
IFB series Maturity Bid (%) Offer (%) Mov (t-t0)%
IFB1/2017/7
(IFB13)
Nov-24 11.00 10.00 0.00
IFB1/2016/9
(IFB10)
May-25 11.00 10.50 0.00
IFB1/2015/12
(IFB8)
Mar-27 11.00 10.00 0.00
IFB1/2017/12
(IFB12)
Feb-29 11.00 10.60 0.00
IFB1/2016/15
(IFB11)
Oct-31 12.70 12.50 0.00
IFB1/2018/15
(IFB14)
Jan-33 12.50 12.25 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 12.75 12.50 0.00
IFB1/2021/16
(IFB21)
Jan-37 12.80 12.70 -0.10
IFB1/2021/18
(IFB22)
Mar-39 12.90 12.85 -0.10
IFB1/2021/21
(IFB23)
Aug-42 12.90 12.85 -0.10
IFB1/2022/19
(IFB24)
Jan-41 13.10 13.00
0.03
 
Key Interest Rates   Mov (bps)
O/N Interbank 4.6038% 2.23
91 Day T-bill 7.448% 2.40
182 Day T-bill 8.373% 5.80
364 Day T-bill 9.755% 1.00
Inflation 5.56% 48.00

 
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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