*|MC_PREVIEW_TEXT|*

View this email in your browser MPC Tuesday   The Monetary Policy Committee (MPC) of the Central Bank met yesterday and decided to retain the Central Bank Rate (CBR) at 8.75%. The Committee noted that the impact of the previous rate increase in November 2022 was still transmitting in the economy. In addition to this, recently announced Government measures to allow limited duty-free imports of specific food items to moderate prices and therefore ease inflationary pressures would complement the additional tightening brought about by the previous rate increase. Attached is the Press Statement from the MPC for your perusal but for even more colour, here is a link to the CBK Governor’s press conference to begin at 11.00 a.m.; https://www.youtube.com/watch?v=Os0kyvE_cJ4 Away from the MPC and for the trading in store 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 10.50 10.00 0.00 2Yr 12.80 12.50 0.00 5yr 13.70 13.50 0.00 10yr 13.95 13.80 0.00 15yr 14.20 14.00 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 12.50 12.00 0.00 IFB1/2016/9 (IFB10) May-25 12.50 12.00 0.00 IFB1/2015/12 (IFB8) Mar-27 12.50 12.00 0.00 IFB1/2017/12 (IFB12) Feb-29 12.80 12.00 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 13.50 12.85 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 13.80 13.70 0.00 IFB1/2022/14 (IFB26) Oct-36 13.75 13.65 0.00 IFB1/2022/6 (IFB27) Nov-28 13.25 13.15 0.00     Key  Interest Rates   Mov (bps) O/N Interbank 6.3933% 0.30 91 Day T-bill 9.538% 6.40 182 Day T-bill 9.954% 6.30 364 Day T-bill 10.504% 3.40 Inflation 9.06% -42.00     Attached are the bond positions available today, the MPC Statement and the February 2023 Bond Prospectus. Bond Positions Available Today MPC Statement February 2023 Bond Trade Now View Previous Market Updates Share Tweet Share Copyright © 2022 Bespoke Securities Limited, All Rights Reserved.

This email was sent to *|EMAIL|* why did I get this?    unsubscribe from this list    update subscription preferences *|LIST:ADDRESSLINE|* *|REWARDS|*