Secondary Market: Trading in the secondary market mellowed during the start of the week’s trading session as bond turnover contracted by 34% to KES 844 million. The 2015/5 Year bond accounted for the highest traded volumes.
Money Market: The interbank rate marginally edged up during Monday’s trading to 8.65% with a total of KES 17.99 billion volumes traded. The Kenyan Shilling (KES) traded flat against the US Dollar (USD) at 93.48 (12:30pm GMT). However, traders anticipate further weakening as corporate dollar demand piles up.
Upcoming Auctions
- 22nd April 2015 – KES 3.0Bn 182 & KES 4.0BN 364-day T-bills
- 23rd April 2015 – KES 1 Bn 91 day T-bills