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Market Monitor: 12th March 2015

BY · March 13, 2015 09:03 am

Secondary Market: Investors became less active in the secondary market during Thursday’s trading session with bond turnover recording KES 2.04 billion and 10 bond deals transacted. We anticipate that activity will remain subdued for the coming days as we near the auction of the 12-Year amortized bond auction. Meanwhile, the treasuries edged down a notch amid high subscriptions and a liquid money market.

Money Market: The monetary regulator continued to intervene in the money market with the aim to manage liquidity levels. A sum of KES 2.95 billion REPOs and TADs were offered yesterday. Meanwhile, the KES gained support from the mop-ups to garner 0.11% to 91.65 at 12:30pm GMT.

Upcoming Auctions

  • 18th March 2015 – KES 3.0Bn 182-day T-bills & KES 4.0Bn 364-day T-bills
  • 19th March 2015 – KES 1.0Bn 91-day T-bills

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