The sale period on the re-opened FXD1/2008/20Yr (5.6 years) and the FXD1/2022/25Yr (24.9 years) closes today and bids must be at the Central Bank by 2.00 P.M. Below are my expectations, that remain unchanged:
FXD1/2008/20Yr (5.6 years): average of 13.45% – 13.55%
FXD1/2022/25Yr (24.9 years): average of 14.35% – 14.45%
Attached is the prospectus for all details pertaining to this auction
For your trading activities ahead, below is a snapshot of what is available in the secondary market for your consideration. Happy hunting and bidding!
Below are the two-way quotes for the benchmark tenors:
Indicative Two-Way Quotes - Benchmark Tenors
Benchmark Tenor
Bid (%)
Offer (%)
Mov (t-t0)%
1Yr
10.30
9.90
0.00
2Yr
11.75
11.00
0.00
5yr
13.40
13.20
0.00
10yr
13.95
13.80
0.00
15yr
14.00
13.80
0.00
20yr
14.10
13.90
0.00
25yr
14.30
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
13.50
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
13.50
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
13.75
13.50
0.00
IFB1/2022/14 (IFB26)
Oct-36
13.90
13.80
0.00
IFB1/2022/6 (IFB27)
Nov-28
13.30
13.15
0.08
Key Interest Rates
Mov (bps)
O/N Interbank
5.2030%
9.51
91 Day T-bill
9.275%
3.80
182 Day T-bill
9.752%
1.90
364 Day T-bill
10.225%
0.60
Inflation
9.48%
-11.00
Attached are the bond positions available today and the December bond auction prospectus.
