Fixed Income & Money Market Update: 26th March 2015
Secondary Market: Trading in the secondary market regained momentum following the close of the 12-Year infrastructure bond on Wednesday. Bond turnover stood at KES 1.71 billion. Yields for the infrastructure bond were pegged at 11.56% with an oversubscription of over 100%.
Money Market: The interbank rate continued to rise settling at 8.09% as liquidity in the money market tightened. The monetary regulator remained active in the market to support the KES. Yesterday, REPOs worth KES 5.1 billion were sold.
Upcoming Auctions
- 1st April 2015 – KES 3.0Bn 182-day T-bills & KES 4.0Bn 364-day T-bills
- 4th April 2015 – KES 1.0Bn 91-day T-bills
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