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View this email in your browser Re-openings’ Season Surprise!!! But not really a surprise, the CBK has re-opened both the FXD1/2023/2Yr and FXD1/2023/5Yr as they seek to lock in KES 55Bn from this auction. Attached is the prospectus with all the required details to assist in your bidding process. Away from this, below is a snapshot of what is at play for your consideration in the secondary space. 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 15.40 15.10 0.00 2Yr 17.45 17.35 0.00 5yr 18.10 17.90 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 15.50 0.00 IFB1/2023/7 (IFB29) Jun-30 15.90 15.70 0.00   Key  Interest Rates   Mov (bps) O/N Interbank 12.3579% -7.79 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 6.80% 10.00   Attached are the bond positions available today and the bond auction prospectus for October 2023.   Bond Positions Bond Auction Prospectus Trade Now View Previous Market Updates Share Tweet Share Copyright © 2022 Bespoke Securities Limited, All Rights Reserved.

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