Friday Again
With the midweek break, today feels like a second Friday.
The disinterest in the secondary space had me anticipating a terrible showing at the T-bill auction, however the performance was respectable. The auction was undersubscribed with the CBK accepting KES 15.853Bn from a total of KES 17.815Bn in bids received, a marginal decrease from last week. Linked are the results in full for your perusal.
For your plays today, below is a snapshot of what is available within the secondary market. Happy hunting and do have yourself a lovely weekend.
|
|
| Indicative Two-Way Quotes - Benchmark Tenors |
| Benchmark Tenor |
Bid (%) |
Offer (%) |
Mov (t-t0)% |
| 1Yr |
8.80 |
8.50 |
0.00 |
| 2Yr |
9.60 |
9.20 |
0.00 |
| 5yr |
11.20 |
11.00 |
0.00 |
| 10yr |
12.20 |
12.10 |
0.00 |
| 15yr |
12.90 |
12.65 |
0.00 |
| 20yr |
13.45 |
13.35 |
0.00 |
| 25yr |
13.825 |
13.75 |
-0.01 |
|
|
| Indicative Two-Way Quotes - IFB Series |
| IFB series |
Maturity |
Bid (%) |
Offer (%) |
Mov (t-t0)% |
| IFB1/2017/7
(IFB13)
|
Nov-24 |
9.20 |
8.75 |
0.00 |
IFB1/2016/9
(IFB10) |
May-25 |
9.20 |
8.75 |
0.00 |
IFB1/2015/12
(IFB8) |
Mar-27 |
9.50 |
9.00 |
0.00 |
IFB1/2017/12
(IFB12) |
Feb-29 |
10.80 |
10.60 |
0.00 |
IFB1/2016/15
(IFB11) |
Oct-31 |
11.10 |
11.00 |
0.00 |
IFB1/2018/15
(IFB14) |
Jan-33 |
11.45 |
11.25 |
0.00 |
IFB1/2018/20
(IFB15) |
Oct-38 |
12.00 |
11.65 |
0.00 |
IFB1/2019/25
(IFB16) |
Feb-44 |
12.50 |
12.10 |
0.00 |
IFB1/2019/16
(IFB17) |
Oct-35 |
12.00 |
11.80 |
0.00 |
IFB1/2020/9
(IFB18) |
Apr-29 |
10.95 |
10.70 |
0.00 |
IFB1/2020/6
(IFB19) |
May-26 |
9.30 |
9.00 |
0.00 |
IFB1/2020/11
(IFB20) |
Aug-31 |
11.10 |
10.85 |
-0.03 |
IFB1/2021/16
(IFB21) |
Jan-37 |
12.20 |
12.00 |
0.00 |
IFB1/2021/18
(IFB22) |
Mar-39 |
12.30 |
12.00 |
0.00 |
IFB1/2021/21
(IFB23) |
Aug-42 |
12.60 |
12.50 |
0.00 |
|
|
| Key Interest Rates |
|
Mov (bps) |
| O/N Interbank |
4.7674% |
28.60 |
| 91 Day T-bill |
7.020% |
6.80 |
| 182 Day T-bill |
7.417% |
-1.10 |
| 364 Day T-bill |
8.355% |
13.00 |
| Inflation |
6.91% |
34.00 |
|
|
|
|
