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View this email in your browser IFB Loading   A new Infrastructure Bond, IFB1/2023/6.5Yr, is on offer from the Central Bank. Attached is the prospectus with all the required details to enable you to prepare your bids. Attached as well are the T-bill results from last week for your perusal. For your trading activities for the day and week ahead, attached is the CBK weekly report to assist in your reading of the market while updated benchmark Yield Curve levels are ready for your perusal on the attached pricelist. I have also attached the NSE Implied Yields for the NSE’s valuations of all the treasuries. To bring it all together, below is a snapshot of what is at play within the secondary market for your consideration. Happy hunting!   Below are the two-way quotes for the benchmark tenors:   Indicative Two-Way Quotes - Benchmark Tenors Benchmark Tenor Bid (%) Offer (%) Mov (t-t0)% 1Yr 15.40 15.10 0.00 2Yr 17.70 17.00 -0.20 5yr 17.80 17.50 -0.30 10yr 17.00 16.50 0.00 15yr 16.50 16.00 0.00 20yr 16.50 16.00 0.00 25yr 16.50 16.00 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 13.50 13.00 0.00 IFB1/2016/9 (IFB10) May-25 13.50 13.00 0.00 IFB1/2015/12 (IFB8) Mar-27 13.75 13.25 0.00 IFB1/2017/12 (IFB12) Feb-29 14.50 14.00 0.00 IFB1/2016/15 (IFB11) Oct-31 14.75 14.50 0.00 IFB1/2018/15 (IFB14) Jan-33 15.50 15.00 0.00 IFB1/2018/20 (IFB15) Oct-38 15.50 15.00 0.00 IFB1/2019/25 (IFB16) Feb-44 16.20 15.60 0.00 IFB1/2019/16 (IFB17) Oct-35 15.50 15.20 0.00 IFB1/2020/9 (IFB18) Apr-29 14.75 14.50 0.00 IFB1/2020/6 (IFB19) May-26 13.50 12.75 0.00 IFB1/2020/11 (IFB20) Aug-31 15.50 15.00 -0.15 IFB1/2021/16 (IFB21) Jan-37 16.00 15.50 0.00 IFB1/2021/18 (IFB22) Mar-39 16.00 15.50 0.00 IFB1/2021/21 (IFB23) Aug-42 16.50 15.75 0.00 IFB1/2022/19 (IFB24) Jan-41 15.80 15.50 0.00 IFB1/2022/18 (IFB25) May-40 16.00 15.50 0.00 IFB1/2022/14 (IFB26) Oct-36 15.85 15.50 0.00 IFB1/2022/6 (IFB27) Nov-28 14.65 14.35 0.40 IFB1/2023/17 (IFB28) Feb-40 16.00 15.50 0.00 IFB1/2023/7 (IFB29) Jun-30 16.00 15.75 0.00   Key  Interest Rates   Mov (bps) O/N Interbank 12.6157% 3.31 91 Day T-bill 15.0458% 8.56 182 Day T-bill 15.0763% 5.32 364 Day T-bill 15.3405% 0.37 Central Bank Rate (CBR) 10.50% 0.00 Inflation 6.80% 10.00   Attached are the bond positions available today, the NSE Implied Yields, the T-bill results from last week, the CBK Weekly Report and the Bond Prospectus for November 2023.   Bond Positions NSE Implied Yields T-bill Results CBK Weekly Report Bond Prospectus for November 2023 Trade Now View Previous Market Updates Share Tweet Share Copyright © 2022 Bespoke Securities Limited, All Rights Reserved.

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