Fixed Income & Money Market Update: 2nd April 2015
Secondary Market: Trading in the secondary market decreased during Thursday’s trading session. Bond turnover declined to KES 1.01 billion from KES 2.59 billion on Wednesday.
Money Market: The shilling shed 0.19% against the dollar as increased dollar demand from energy and manufacturing sectors exerted pressure on the shilling in a bid to make payments before the Easter holidays, touching a low, last seen in 2011. The USDKES exchange rate weakened to settle at 92.68 (12:30pm GMT) by end of day Thursday.
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