Kenya Bond Market Update: 25 July 2022

Published on
July 25, 2022
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Monday Monday

 
To get us going this week, attached is the CBK weekly report to assist in your reading of the market while updated benchmark Yield Curve levels are to be found on the attached pricelist. I have also attached the NSE Implied Yields for the NSE’s valuations of all the treasuries.

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 10.00 0.00
2Yr 11.00 10.55 0.00
5Yr 12.75 12.25 0.10
10Yr 13.80 13.50 0.13
15Yr  13.90 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 11.60 11.00 0.00
IFB1/2016/9 May-25 11.50 11.20 0.00
IFB1/2015/12 Mar-27 12.00 11.75 0.00
IFB1/2017/12 Feb-29 12.00 11.00 0.00
IFB1/2016/15 Oct-31 13.50 13.00 0.00
IFB1/2018/15 Jan-33 13.10 12.80 0.00
IFB1/2018/20 Oct-38 13.80 13.00 0.00
IFB1/2019/25 Feb-44 13.50 12.90 0.00
IFB1/2019/16 Oct-35 13.80 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 13.75 13.00 0.00
IFB1/2021/16 Jan-37 13.50 12.90 0.00
IFB1/2021/18 Mar-39 13.80 13.00 0.00
IFB1/2021/21 Aug-42 13.80 13.70 0.00
IFB1/2022/19 Jan-41 13.80 13.50 0.00
IFB1/2022/18 May-40 13.70 13.65 0.00
 
Key Interest Rates   Mov (bps)
O/N Interbank 5.0986% -10.63
91 Day T-bill 8.248% 8.10
182 Day T-bill 9.305% 5.20
364 Day T-bill 9.986% 0.60
Inflation 7.91% 81.00

 
Bond Positions Available Today
NSE Implied Yields
CBK Weekly Bulletin
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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