Secondary Market: Trading in the secondary market wavered during Monday’s trading session as bond turnover diminished by 45% to KES 1.17 billion from KES 2.12 billion on Friday. 28 bond deals were processed during the trading session of which majority of them were odd lots.
Money Market: The interbank rate held relatively steady at 8.15% during yesterday’s trading session amid further intervention by the CBK. A sum of KES 17 billion REPOs and TADs were issued yesterday. Meanwhile, the USDKES currency pair continued its downward trend shedding 0.09% to 92.30(12:30pm GMT) as increased dollar demand from banks coupled with renewed travel advisories to coastal areas of Kenya added pressure.