Secondary Market: Trading in the secondary market slowed down ahead of the long weekend as liquidity in the money market constrained investor appetite. Bond turnover contracted by 37% to KES 714.6 million. Investors showed preference for bonds in the intermediate term bracket.
Money Market: The interbank rate continued to rise persistently to stand at 10.26% as liquidity in the money market is substantially restrained. Meanwhile, the Kenyan Shilling (KES) shed 0.29% to 91.57 as the Central Bank of Kenya extended further mop ups amounting to KES 12Bn in Repurchase Agreements and Term Auction Deposits as end month demand pressures continue to add pressure to the pair.