Prospectus Thursday
The CBK has published next month’s bond auction prospectus and below is a quick summary of what’s on offer:
- Two bonds are being re-opened in a bid to secure KES 40Bn: FXD1/2017/10Yr (4.9 years) and FXD1/2020/15Yr (12.3 years)
- A new 25Yr bond, FXD1/2022/25Yr, being offered in a bid to secure KES 20Bn
- The CBK will split these sales into two auctions and all the required details are in the bond auction prospectus attached
For the rest of your trades for the day ahead, 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 |
10.20 |
9.90 |
0.00 |
| 2Yr |
11.50 |
11.00 |
0.00 |
| 5Yr |
13.00 |
12.50 |
0.00 |
| 10Yr |
13.95 |
13.80 |
0.00 |
| 15Yr |
13.95 |
13.80 |
0.00 |
| 20Yr |
14.00 |
13.80 |
0.00 |
| 25Yr |
14.00 |
13.85 |
0.00 |
|
|
| Indicative Two-Way Quotes - IFB Series |
| IFB Series |
Maturity |
Bid (%) |
Offer (%) |
Mov (t-t0)% |
| IFB1/2017/7 |
Nov-24 |
11.75 |
11.30 |
0.00 |
| IFB1/2016/9 |
May-25 |
11.75 |
11.30 |
0.00 |
| IFB1/2015/12 |
Mar-27 |
12.20 |
12.00 |
0.00 |
| IFB1/2017/12 |
Feb-29 |
12.00 |
11.00 |
0.00 |
| IFB1/2016/15 |
Oct-31 |
13.20 |
12.70 |
0.00 |
| IFB1/2018/15 |
Jan-33 |
13.40 |
12.80 |
0.00 |
| IFB1/2018/20 |
Oct-38 |
13.50 |
13.00 |
0.00 |
| IFB1/2019/25 |
Feb-44 |
13.50 |
12.90 |
0.00 |
| IFB1/2019/16 |
Oct-35 |
13.50 |
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 |
13.20 |
12.75 |
0.00 |
| IFB1/2021/16 |
Jan-37 |
13.30 |
13.00 |
0.00 |
| IFB1/2021/18 |
Mar-39 |
13.40 |
13.00 |
0.00 |
| IFB1/2021/21 |
Aug-42 |
13.55 |
13.30 |
0.00 |
| IFB1/2022/19 |
Jan-41 |
13.45 |
13.00 |
0.00 |
| IFB1/2022/18 |
May-40 |
13.50 |
13.25 |
0.00 |
|
|
| Key Interest Rates |
|
Mov (bps) |
| O/N Interbank |
4.0623% |
2.53 |
| 91 Day T-bill |
8.950% |
4.00 |
| 182 Day T-bill |
9.615% |
1.60 |
| 364 Day T-bill |
9.913% |
-0.20 |
| Inflation |
8.53% |
21.00 |
|
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