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View this email in your browser Lebron James Wednesday For the basketball fans out there, today was a pretty monumental day as Lebron James became the NBA’s all-time leading scorer. Away from this monumental achievement, let’s turn our attention back to our Fixed Income space. There was a significant jump in the volumes borrowed in the overnight window as it totaled KES 46.608Bn. The CBK have decided to scale back on their reverse-repos in a bid to lessen their support on the liquidity side and let the banks sort out the shortfalls amongst themselves. 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 13.00 0.00 IFB1/2021/16 (IFB21) Jan-37 13.75 13.60 0.00 IFB1/2021/18 (IFB22) Mar-39 13.85 13.60 0.00 IFB1/2021/21 (IFB23) Aug-42 14.20 13.80 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 13.70 0.00 IFB1/2022/6 (IFB27) Nov-28 13.20 13.15 0.00   Key  Interest Rates   Mov (bps) O/N Interbank 6.5506% 1.94 91 Day T-bill 9.581% 4.30 182 Day T-bill 9.997% 4.30 364 Day T-bill 10.550% 4.60 Inflation 8.98% -8.00     Attached are the bond positions available today. Bond Positions Available Today Trade Now View Previous Market Updates Share Tweet Share Copyright © 2022 Bespoke Securities Limited, All Rights Reserved.

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