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Fixed Income & Money Market Update: 13th April 2015

BY · April 14, 2015 01:04 pm

Secondary Market: Trading in the secondary market accelerated during Monday’s trading session recording a bond turnover of KES 2.11 billion with a total of 71 bond deals processed over the day. Investors showed keen interest for bonds on the intermediate term bracket.

Money Market: The monetary regulator remained absent from the money market yesterday as the interbank rate held relatively steady at 7.79%. However, the KES slipped to a three year low to settle at 93.20 against the US Dollar (USD) at 12:30pm GMT. The local unit’s weakness has mainly been attributed constrained supply side and a rallying dollar globally.

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