Kenya Bond Market Update: 28 March 2022

Published on
March 28, 2022
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Will Smith Monday


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 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 12.00 11.70 0.00
10Yr 12.90 12.60 0.00
15Yr  13.80 13.50 0.00
20Yr 13.85 13.80 0.00
25Yr 14.00 13.75 0.00
 
Indicative Two-Way Quotes - IFB Series
IFB series Maturity Bid (%) Offer (%) Mov (t-t0)%
IFB1/2017/7
(IFB13)
Nov-24 10.35 9.90 0.00
IFB1/2016/9
(IFB10)
May-25 10.35 9.90 0.00
IFB1/2015/12
(IFB8)
Mar-27 10.50 10.00 0.00
IFB1/2017/12
(IFB12)
Feb-29 11.00 10.60 0.00
IFB1/2016/15
(IFB11)
Oct-31 12.50 11.50 0.00
IFB1/2018/15
(IFB14)
Jan-33 12.40 12.00 0.00
IFB1/2018/20
(IFB15)
Oct-38 12.90 12.50 0.00
IFB1/2019/25
(IFB16)
Feb-44 13.00 12.50 0.00
IFB1/2019/16
(IFB17)
Oct-35 12.90 12.50 0.00
IFB1/2020/9
(IFB18) 
Apr-29 11.30 11.00 0.00
IFB1/2020/6
(IFB19)
May-26 11.30 10.75 0.00
IFB1/2020/11
(IFB20)
Aug-31 12.45 12.20 0.05
IFB1/2021/16
(IFB21)
Jan-37 12.90 12.70 0.00
IFB1/2021/18
(IFB22)
Mar-39 12.90 12.70 0.00
IFB1/2021/21
(IFB23)
Aug-42 12.90 12.70 0.00
IFB1/2022/19
(IFB24)
Jan-41 13.075 12.975
0.00
 
Key Interest Rates   Mov (bps)
O/N Interbank 4.3394% -3.86
91 Day T-bill 7.283% 3.10
182 Day T-bill 8.134% 4.10
364 Day T-bill 9.767% 0.40
Inflation 5.08% -31.00

 
Bond Positions Available Today
NSE Implied Yields
CBK Weekly Bulletin
Bond Auction Prospectus - April 2022
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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