Interbank Rate Continues to Rise Persistently

By Soko Directory Team / Published April 30, 2015 | 7:37 am

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.

Upcoming Auctions

29th April 2015 – KES 3.0Bn 182 & KES 4.0BN 364-day T-bills

30th April 2015 – KES 1 Bn 91 day T-bills

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Soko Directory is a Financial and Markets digital portal that tracks brands, listed firms on the NSE, SMEs and trend setters in the markets eco-system.Find us on Facebook: facebook.com/SokoDirectory and on Twitter: twitter.com/SokoDirectory

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