Secondary Market: Trading in the market extended with bond turnover extending to KES 2.56 billion with 36 bond deals transacted over the day. Investors actively traded bonds on both the short end as well as the intermediate term bracket.
Money Market: The monetary regulator yesterday withdrew KES 2.15 billion from the money market which pushed the interbank rate upwards to 7.03%. The mop ups supported the KES indicated by the USDKES pair gained which gained 0.33% to settle at 91.95 (12:30pm GMT).
Up-coming Auctions:
- 18th March 2015 – KES 3.0Bn 182-day T-bills & KES 4.0Bn 364-day T-bills
- 19th March 2015 – KES 1.0Bn 91-day T-bills