*|MC_PREVIEW_TEXT|*

View this email in your browser TGIF   This week’s T-bill results had no surprises as the Central Bank continues to maintain the new price levels set two auctions back. Attached are the results in full for your perusal. The sale-period of the re-opened FXD1/2024/10Yr closes next week, Thursday 02-May-2024. My initial expectations are that the results will reflect the previous auction as the Central Bank has the luxury of focusing on rates now that they have met their borrowing target. Attached is the bond prospectus for all the required details of this auction. For the day’s activities, 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 17.00 16.50 0.00 2Yr 17.50 17.00 0.00 5yr 18.00 17.60 0.00 10yr 16.50 16.00 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 15.75 15.50 0.00 IFB1/2016/9 (IFB10) May-25 15.85 15.75 0.00 IFB1/2015/12 (IFB8) Mar-27 14.50 14.00 0.00 IFB1/2017/12 (IFB12) Feb-29 16.00 15.00 0.00 IFB1/2016/15 (IFB11) Oct-31 16.00 15.50 0.00 IFB1/2018/15 (IFB14) Jan-33 15.50 15.00 0.00 IFB1/2018/20 (IFB15) Oct-38 16.50 16.00 0.00 IFB1/2019/25 (IFB16) Feb-44 16.50 16.00 0.00 IFB1/2019/16 (IFB17) Oct-35 15.50 15.20 0.00 IFB1/2020/9 (IFB18) Apr-29 17.50 17.20 0.00 IFB1/2020/6 (IFB19) May-26 17.50 17.10 0.00 IFB1/2020/11 (IFB20) Aug-31 17.50 17.20 0.00 IFB1/2021/16 (IFB21) Jan-37 16.50 16.00 0.00 IFB1/2021/18 (IFB22) Mar-39 17.00 16.50 0.00 IFB1/2021/21 (IFB23) Aug-42 17.00 16.50 0.00 IFB1/2022/19 (IFB24) Jan-41 17.00 16.50 0.00 IFB1/2022/18 (IFB25) May-40 17.00 16.50 0.00 IFB1/2022/14 (IFB26) Oct-36 17.00 16.50 0.00 IFB1/2022/6 (IFB27) Nov-28 17.50 17.20 0.00 IFB1/2023/17 (IFB28) Feb-40 16.50 16.00 0.00 IFB1/2023/7 (IFB29) Jun-30 16.90 16.20 0.00 IFB1/2023/6.5 (IFB30) May-30 17.10 16.90 0.05 IFB1/2024/8.5 (IFB31) Aug-32 17.10 16.95 0.07     Key  Interest Rates   Mov (bps) O/N Interbank 13.9021% 0.37 91 Day T-bill 15.8232% 2.03 182 Day T-bill 16.4600% -0.67 364 Day T-bill 16.4924% -1.53 Central Bank Rate (CBR) 13.00% 0.00 Inflation 5.70% -60.00 Attached are the bond positions available today, this week’s T-bill auction results and the bond prospectus for the re-opened FXD1/2024/10Yr. Bond Positions T-bill Auction Results Bond Prospectus Trade Now View Previous Market Updates Share Tweet Share Copyright © 2022 Bespoke Securities Limited, All Rights Reserved.

This email was sent to *|EMAIL|* why did I get this?    unsubscribe from this list    update subscription preferences *|LIST:ADDRESSLINE|* *|REWARDS|*