Secondary Market: Trading in the secondary market was modest during Tuesday’s trading session with a total of KES 642 million volumes traded and 18 bonds deals transacted. Investors showed interest for bonds within the intermediate to long term bracket.
Money Market: Liquidity in the money market tightened signaled by the interbank rate which rose to 7.79% from 7.66% the previous day as the Central Bank continued to mop up liquidity from the money market. Meanwhile, the USDKES pair garnered 0.20% to 91.75 (12:30pm GMT) supported by inflows trickling in for the auction of the infrastructure bond.
Up-coming 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