Kenya Bond Market Update: 29 October 2021

Published on
October 29, 2021
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End Month, No Curfew 


Let’s take things easy this Friday good people. 

Attached are the T-bill results from this week’s auction for your perusal. The auction remains undersubscribed even as the liquidity situation in the local space improves with the CBK even mopping up KES 20bn during yesterday’s trading session.

For your plays today, below is a snapshot of what is available in the secondary market. Happy hunting and have a fun-filled weekend ahead.
 
Indicative Two-Way Quotes - Benchmark Tenors
Benchmark Tenor Bid (%) Offer (%) Mov (t-t0)%
1Yr 8.80 8.50 0.00
2Yr 9.60 9.20 0.00
5yr 11.20 11.00 0.00
10yr 12.20 12.10 0.00
15yr 12.90 12.65 0.00
20yr 13.45 13.35 0.00
25yr 13.85 13.75 0.00
 
Indicative Two-Way Quotes - IFB Series
IFB series Maturity Bid (%) Offer (%) Mov (t-t0)%
IFB1/2017/7
(IFB13)
Nov-24 9.50 9.00 0.00
IFB1/2016/9
(IFB10)
May-25 9.50 9.00 0.00
IFB1/2015/12
(IFB8)
Mar-27 9.60 9.00 0.00
IFB1/2017/12
(IFB12)
Feb-29 10.80 10.60 0.00
IFB1/2016/15
(IFB11)
Oct-31 11.20 11.10 0.00
IFB1/2018/15
(IFB14)
Jan-33 11.45 11.25 0.00
IFB1/2018/20
(IFB15)
Oct-38 12.00 11.75 0.00
IFB1/2019/25
(IFB16)
Feb-44 12.50 12.10 0.00
IFB1/2019/16
(IFB17)
Oct-35 12.10 11.90 0.05
IFB1/2020/9
(IFB18)
Apr-29 10.95 10.70 0.00
IFB1/2020/6
(IFB19)
May-26 9.30 9.00 0.00
IFB1/2020/11
(IFB20)
Aug-31 11.10 10.90 0.00
IFB1/2021/16
(IFB21)
Jan-37 12.10 12.00 -0.05
IFB1/2021/18
(IFB22)
Mar-39 12.30 12.05 0.00
IFB1/2021/21
(IFB23)
Aug-42 12.675 12.60 -0.04
 
Key  Interest Rates   Mov (bps)
O/N Interbank 4.8160% -8.82
91 Day T-bill 7.040% 2.00
182 Day T-bill 7.486% 6.90
364 Day T-bill 8.489% 13.40
Inflation 6.91% 34.00

 
Bond Positions Available Today
Results of T-Bill Auction
Bond Auction Prospectus for November 2021
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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