Kenya Bond Market Update: 30 December 2022

Published on
December 31, 2022
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Ciao 2022

A big weekend ahead of us as we say goodbye to 2022 and usher in 2023. I hope the new year brings you and yours all the goodness and fortune the world can deliver. As today is a work day, attached are the T-bill results of this week’s auction and below is a snapshot of what is at play within the secondary market for your consideration. Happy hunting and enjoy the celebrating this weekend!
Below are the two-way quotes for the benchmark tenors:
 
Indicative Two-Way Quotes - Benchmark Tenors
Benchmark Tenor Bid (%) Offer (%) Mov (t-t0)%
1Yr 10.50 10.00 0.00
2Yr 12.50 12.00 0.00
5yr 13.70 13.50 0.00
10yr 13.95 13.80 0.00
15yr 14.00 13.80 0.00
20yr 14.10 13.90 0.00
25yr 14.35 14.20 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 12.00 11.45 0.00
IFB1/2016/9 (IFB10) May-25 12.00 11.45 0.00
IFB1/2015/12 (IFB8) Mar-27 12.20 12.00 0.00
IFB1/2017/12 (IFB12) Feb-29 12.00 11.00 0.00
IFB1/2016/15 (IFB11) Oct-31 13.20 12.70 0.00
IFB1/2018/15 (IFB14) Jan-33 13.60 13.20 0.00
IFB1/2018/20 (IFB15) Oct-38 13.80 13.50 0.00
IFB1/2019/25 (IFB16) Feb-44 14.00 12.90 0.00
IFB1/2019/16 (IFB17) Oct-35 13.70 13.50 0.00
IFB1/2020/9 (IFB18) Apr-29 13.20 12.70 0.00
IFB1/2020/6 (IFB19) May-26 12.30 12.00 0.00
IFB1/2020/11 (IFB20) Aug-31 13.20 12.80 0.00
IFB1/2021/16 (IFB21) Jan-37 13.75 13.25 0.00
IFB1/2021/18 (IFB22) Mar-39 13.85 13.50 0.00
IFB1/2021/21 (IFB23) Aug-42 14.00 13.50 0.00
IFB1/2022/19 (IFB24) Jan-41 13.90 13.50 0.00
IFB1/2022/18 (IFB25) May-40 13.70 13.30 0.00
IFB1/2022/14 (IFB26) Oct-36 13.90 13.80 0.00
IFB1/2022/6 (IFB27) Nov-28 13.45 13.25 0.00
 
Key  Interest Rates   Mov (bps)
O/N Interbank 6.3192% -10.09
91 Day T-bill 9.369% -0.10
182 Day T-bill 9.834% 0.90
364 Day T-bill 10.308% -0.20
Inflation 9.48% -11.00
 
 
Attached are the bond positions available today, the T-bill auction results and the January 2023 Prospectus of the Re-opened FXD1/2020/5Yr & FXD1/2022/15Yr.
Bond Positions Available Today
T-bill Auction Results
January 2023 Prospectus
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