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View this email in your browser End Week & Month The dismal interest in the T-bills was in line with the reduced amount of incoming maturities. The TAP-Sale of the FXD1/2023/2Yr & FXD1/2016/10Yr was also significantly undersubscribed as the market shied away from Tapping the two bonds. Attached are these results in full for your perusal. Below is a snapshot of what is at play within the secondary market for your consideration. Happy hunting and enjoy the weekend ahead!   Below are the two-way quotes for the benchmark tenors:   Indicative Two-Way Quotes - Benchmark Tenors Benchmark Tenor Bid (%) Offer (%) Mov (t-t0)% 1Yr 15.40 15.10 0.00 2Yr 17.50 17.35 0.00 5yr 18.00 17.85 0.00 10yr 17.00 16.50 0.00 15yr 17.00 16.00 0.00 20yr 16.50 16.00 0.00 25yr 16.50 16.00 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 13.50 13.00 0.00 IFB1/2016/9 (IFB10) May-25 13.50 13.00 0.00 IFB1/2015/12 (IFB8) Mar-27 14.00 13.00 0.00 IFB1/2017/12 (IFB12) Feb-29 15.00 14.00 0.00 IFB1/2016/15 (IFB11) Oct-31 15.00 14.00 0.00 IFB1/2018/15 (IFB14) Jan-33 15.00 14.50 0.00 IFB1/2018/20 (IFB15) Oct-38 16.00 15.00 0.00 IFB1/2019/25 (IFB16) Feb-44 16.50 15.00 0.00 IFB1/2019/16 (IFB17) Oct-35 16.00 15.00 0.00 IFB1/2020/9 (IFB18) Apr-29 14.50 14.00 0.00 IFB1/2020/6 (IFB19) May-26 13.00 12.00 0.00 IFB1/2020/11 (IFB20) Aug-31 15.75 15.00 0.00 IFB1/2021/16 (IFB21) Jan-37 15.75 15.00 0.00 IFB1/2021/18 (IFB22) Mar-39 15.70 15.00 0.00 IFB1/2021/21 (IFB23) Aug-42 16.50 15.30 0.00 IFB1/2022/19 (IFB24) Jan-41 15.50 15.00 0.00 IFB1/2022/18 (IFB25) May-40 15.80 15.00 0.00 IFB1/2022/14 (IFB26) Oct-36 16.00 15.00 0.00 IFB1/2022/6 (IFB27) Nov-28 13.30 13.20 0.00 IFB1/2023/17 (IFB28) Feb-40 15.90 15.30 0.00 IFB1/2023/7 (IFB29) Jun-30 15.85 15.75 0.00   Key  Interest Rates   Mov (bps) O/N Interbank 12.3933% -46.02 91 Day T-bill 14.8206% 3.40 182 Day T-bill 14.9499% 1.00 364 Day T-bill 15.0544% -16.70 Central Bank Rate (CBR) 10.50% 0.00 Inflation 6.70% -60.00   Attached are the bond positions available today, the T-bill auction results and the FXD1/2023/2Yr & FXD1/2016/10Yr Tap-Sale results.   Bond Positions T-bill Auction Results FXD1/2023/2Yr & FXD1/2016/10Yr Trade Now View Previous Market Updates Share Tweet Share Copyright © 2022 Bespoke Securities Limited, All Rights Reserved.

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