Money

Fixed Income & Money Market Update: 27th March 2015

BY · March 27, 2015 09:03 pm

Secondary Market: Trading in the secondary market closed the trading week on a positive note as bond turnover rose by 24% to KES 2.11 billion with a total of 29 bond deals processed. Investors keenly traded bonds in the intermediate term bracket, with the FXD1/2013/10 Year being the most popular.

Money Market: The interbank rate rose to 8.12% on Friday as liquidity in the money market tightened slightly as a result of consistent mop ups by the monetary regulator. On the other hand the KES slipped to 92.2 (12:30pm GMT) owed to heavy month end demand for dollar from importers.

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