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Fixed Income & Money Market Update: 23rd March 2015

BY · March 24, 2015 08:03 am

Secondary Market: Bond turnover contracted by over 50% during Monday’s trading session recording volumes of KES 283 million from KES 874 million on Friday. Investors will be diverting interests to the primary auction of the 12-Year infrastructure bond scheduled for tomorrow.

Money Market: Liquidity in the money markets has tightened as a result of a tax payment deadline last week which saw corporates seeking for Shillings in the money market, whilst continuous mop ups and dollar sales by the CBK to manage the KES exchange have also provided support .

Upcoming Auctions

  • 25th March 2015 – KES 3.0Bn 182-day T-bills & KES 4.0Bn 364-day T-bills
  • 26th March 2015 – KES 1.0Bn 91-day T-bills

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