Kenya Bond Market Update: 29 June 2023

Published on
June 29, 2023
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Eid-al-Adha

 
The Islamic community celebrated Eid-al-Adha yesterday. This holiday honours the willingness of Abraham to sacrifice his son, Ishmael, as an act of obedience to God’s command. I trust it was a day well spent for you and yours. For your trading activities ahead, 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 14.50 14.20 0.00
10yr 14.70 14.30 0.00
15yr 15.50 14.50 0.00
20yr 16.00 14.50 0.00
25yr 16.00 14.50 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 13.20 12.70 0.00
IFB1/2016/9 (IFB10) May-25 13.20 12.60 0.00
IFB1/2015/12 (IFB8) Mar-27 13.30 13.00 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 14.50 14.10 0.00
IFB1/2018/20 (IFB15) Oct-38 15.50 14.00 0.00
IFB1/2019/25 (IFB16) Feb-44 16.00 14.00 0.00
IFB1/2019/16 (IFB17) Oct-35 14.50 13.80 0.00
IFB1/2020/9 (IFB18) Apr-29 13.75 13.50 0.00
IFB1/2020/6 (IFB19) May-26 13.00 12.00 0.00
IFB1/2020/11 (IFB20) Aug-31 14.50 14.10 0.00
IFB1/2021/16 (IFB21) Jan-37 15.50 14.50 0.00
IFB1/2021/18 (IFB22) Mar-39 15.50 14.50 0.00
IFB1/2021/21 (IFB23) Aug-42 15.50 15.00 0.00
IFB1/2022/19 (IFB24) Jan-41 15.50 14.50 0.00
IFB1/2022/18 (IFB25) May-40 15.70 14.50 0.00
IFB1/2022/14 (IFB26) Oct-36 15.50 14.50 0.00
IFB1/2022/6 (IFB27) Nov-28 13.30 13.10 0.00
IFB1/2023/17 (IFB28) Feb-40 15.50 14.50 0.00
IFB1/2023/7 (IFB29) Jun-30 15.65 15.55 0.05
 
Key  Interest Rates   Mov (bps)
O/N Interbank 10.0450% 2.48
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.
 
Bond Positions
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