Fixed Income & Money Market Update: 25th March 2015
Secondary Market: Trading in the secondary bond market remained subdued with a bond turnover of KES 735.2 million with 7 bond deals transacted during the day. Investors continued to show interest for bond in the intermediate term bracket.
Money Market: The interbank rate continued to rise settling at 7.97% yesterday as liquidity in the money market tightened. The CBK yesterday offered REPOs and TADs worth KES 10.4 billion. The USDKES exchange rate strengthened marginally by 0.05% to stand at 91.70 (12:30pm GMT).
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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