*|MC_PREVIEW_TEXT|*

View this email in your browser 100 Up   The Monetary Policy Committee (MPC) of the CBK met yesterday in a meeting that fell between the bi-monthly timetable that has been in place. The MPC concluded there was scope for further tightening of the monetary policy to anchor inflation expectations. To this end, the Central Bank Rate (CBR) was moved up by 100bps to 10.50%. Attached is the MPC Statement with all the required information. 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 11.75 11.25 0.00 2Yr 13.75 13.20 0.00 5yr 14.20 14.00 0.00 10yr 14.30 14.10 0.00 15yr 14.60 14.30 0.00 20yr 14.75 14.40 0.00 25yr 15.00 14.40 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 12.20 11.80 0.00 IFB1/2016/9 (IFB10) May-25 12.20 11.80 0.00 IFB1/2015/12 (IFB8) Mar-27 13.00 12.00 0.00 IFB1/2017/12 (IFB12) Feb-29 13.80 13.00 0.00 IFB1/2016/15 (IFB11) Oct-31 14.00 13.00 0.00 IFB1/2018/15 (IFB14) Jan-33 13.90 13.60 0.00 IFB1/2018/20 (IFB15) Oct-38 14.40 14.00 0.00 IFB1/2019/25 (IFB16) Feb-44 14.50 14.00 0.00 IFB1/2019/16 (IFB17) Oct-35 14.20 13.80 0.00 IFB1/2020/9 (IFB18) Apr-29 13.50 13.00 0.00 IFB1/2020/6 (IFB19) May-26 12.10 12.00 0.00 IFB1/2020/11 (IFB20) Aug-31 14.00 13.70 0.00 IFB1/2021/16 (IFB21) Jan-37 14.50 14.00 0.00 IFB1/2021/18 (IFB22) Mar-39 14.10 13.80 0.00 IFB1/2021/21 (IFB23) Aug-42 14.60 14.40 0.00 IFB1/2022/19 (IFB24) Jan-41 14.30 14.00 0.00 IFB1/2022/18 (IFB25) May-40 14.30 14.00 0.00 IFB1/2022/14 (IFB26) Oct-36 14.30 14.00 0.00 IFB1/2022/6 (IFB27) Nov-28 13.20 13.10 0.00 IFB1/2023/17 (IFB28) Feb-40 14.40 14.30 0.00 IFB1/2023/7 (IFB29) Jun-30 15.60 15.50 0.05   Key  Interest Rates   Mov (bps) O/N Interbank 10.0202% 5.49 91 Day T-bill 11.785% 14.50 182 Day T-bill 11.863% 21.40 364 Day T-bill 11.934% 20.00 Central Bank Rate (CBR) 10.50% 100.00 Inflation 8.00% 10.00   Attached are the bond positions available today and MPC Press Release Statement. Bond Positions MPC Press Release Statement 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|*