Kenya Bond Market Update: 24 February 2022

Published on
February 24, 2022
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Crazy Thursday  


All eyes on the developing Russia - Ukraine conflict as it is bound to have ramifications that will be felt all over the globe. Locally, the market is relatively quiet as investors await confirmation for the March 2022 bond auction. For the trading session 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 13.80 13.70 0.00
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 12.40 12.30 0.00
IFB1/2021/18
(IFB22)
Mar-39 12.55 12.30 0.00
IFB1/2021/21
(IFB23)
Aug-42 12.65 12.55 -0.07
IFB1/2022/19
(IFB24)
Jan-41 12.90 12.85
0.02
 
Key Interest Rates   Mov (bps)
O/N Interbank 5.4365% -12.53
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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