Kenya Bond Market Update: 22 February 2022

Published on
February 22, 2022
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Two’s Day  


Anyone noticed that today’s date is a bit special? 22/02/2022 is a palindrome as the sequence of numbers reads the same backwards as forwards…it’s also Tuesday which is the day 2 of the week. Not much else to add apart from this is very cool as we probably will not see this again. 

Back to matters fixed income, the CBK was in to support the market via reverse repos amounting to KES 45.15Bn as tightness in the money market took its toll on market players.  For your plays today, below is a snapshot of what is at play within the secondary market for your consideration. Happy hunting!
 
Indicative Two-Way Quotes - Benchmark Tenors
Benchmark Tenor Bid (%) Offer (%) Mov (t-t0)%
1Yr 9.90 9.70 0.00
2Yr 10.55 10.20 0.00
5Yr 11.90 11.35 0.00
10Yr 12.90 12.60 0.00
15Yr  13.00 12.80 0.00
20Yr 13.75 13.70 -0.03
25Yr 13.90 13.70 0.00
 
Indicative Two-Way Quotes - IFB Series
IFB series Maturity Bid (%) Offer (%) Mov (t-t0)%
IFB1/2017/7
(IFB13)
Nov-24 10.00 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 12.25 11.90 0.00
IFB1/2018/20
(IFB15)
Oct-38 12.00 11.80 0.00
IFB1/2019/25
(IFB16)
Feb-44 12.50 12.20 0.00
IFB1/2019/16
(IFB17)
Oct-35 12.35 12.15 0.00
IFB1/2020/9
(IFB18)
Apr-29 11.30 11.00 0.00
IFB1/2020/6
(IFB19)
May-26 10.10 9.70 0.00
IFB1/2020/11
(IFB20)
Aug-31 12.30 12.00 0.00
IFB1/2021/16
(IFB21)
Jan-37 12.45 12.25 -0.03
IFB1/2021/18
(IFB22)
Mar-39 12.55 12.30 0.00
IFB1/2021/21
(IFB23)
Aug-42 12.80 12.60 0.00
IFB1/2022/19
(IFB24)
Jan-41 12.90 12.80
0.00
 
Key Interest Rates   Mov (bps)
O/N Interbank 5.0042% 28.38
91 Day T-bill 7.250% -3.50
182 Day T-bill 8.075% -3.30
364 Day T-bill 9.724% 5.60
Inflation 5.39% -34.00

 
Bond Positions Available Today
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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