Kenya Bond Market Update: 28 February 2022

Published on
February 28, 2022
*|MC:SUBJECT|*
View this email in your browser

Monday Magic  


I will let you in on a secret. The magic available to us all on Monday mornings comes in the form of a hot cup of coffee. Try it and see how magic works. 

Attached is the CBK weekly report to assist in your reading of the market and 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 bonds. 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 12.70 12.55 0.00
IFB1/2022/19
(IFB24)
Jan-41 12.95 12.85
0.00
 
Key Interest Rates   Mov (bps)
O/N Interbank 5.8064% 10.57
91 Day T-bill 7.254% 0.40
182 Day T-bill 8.062% -1.30
364 Day T-bill 9.764% 4.00
Inflation 5.39% -34.00

 
Bond Positions Available Today
NSE Implied Yields
CBK Weekly Bulletin
Bond Auction Prospectus - March 2022
Trade Now

MATHANGANI KARIUKI


Director | Bespoke Securities

Director, Interest Rates | AKN Investments


+254 (0) 732472655

Eikon Messenger: 
mathanganik@bespokesecurities.co.ke
View Previous Market Updates
Share Share
Tweet Tweet
Share Share
Copyright © 2021 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|*