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.
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