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View this email in your browser Breakthrough Friday   Interesting developments in the T-bill space as the 10% mark on the 364D was finally breached as the CBK finally accepted bids above this level. The CBK, on the back of this ‘generosity’, was able to lock in KES 39.473Bn from a total of KES 43.652Bn in bids received. Another twist in the T-bill tale of the recent weeks is that the 364D attracted a significant share of the bids received after being shunned by the market. Attached are the results in full for your perusal. For your trading activities ahead, below is a snapshot of what is available in the secondary market for your consideration. Happy hunting and weekending!   Below are the two-way quotes for the benchmark tenors:   Indicative Two-Way Quotes - Benchmark Tenors Benchmark Tenor Bid (%) Offer (%) Mov (t-t0)% 1Yr 10.20 9.90 0.00 2Yr 11.75 11.00 0.00 5yr 13.40 13.10 0.00 10yr 13.95 13.80 0.00 15yr 14.00 13.80 0.00 20yr 14.10 13.90 0.00 25yr 14.20 14.05 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 13.00 0.00 IFB1/2019/25 (IFB16) Feb-44 14.00 12.90 0.00 IFB1/2019/16 (IFB17) Oct-35 13.70 13.10 0.00 IFB1/2020/9 (IFB18) Apr-29 13.00 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 13.00 0.00 IFB1/2021/18 (IFB22) Mar-39 13.85 13.20 0.00 IFB1/2021/21 (IFB23) Aug-42 14.00 13.30 0.00 IFB1/2022/19 (IFB24) Jan-41 13.90 13.30 0.00 IFB1/2022/18 (IFB25) May-40 13.80 13.45 0.00     Key  Interest Rates   Mov (bps) O/N Interbank 4.5417% -9.47 91 Day T-bill 9.139% 1.20 182 Day T-bill 9.691% 1.30 364 Day T-bill 10.109% 14.40 Inflation 9.60% 42.00     Attached are the bond positions available today, the T-bill auction results and the IFB1/2022/14Yr Prospectus. Bond Positions Available Today Bond Prospectus - November 2022 T-bill Auction Results NSE Implied Yields Trade Now View Previous Market Updates Share Tweet Share Copyright © 2022 Bespoke Securities Limited, All Rights Reserved.

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