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Liquidity in the money market remains tight

BY · April 29, 2015 07:04 am

Secondary Market: Trading in the secondary market was steady during Tuesday’s trading session with bond turnover registering turnover of KES 1.13 million with a total of 30 bond deals transacted over the day. The IFB1/2011/12Year recorded the largest traded volumes.

Money Market: The interbank rate rose to a record high at 10.17% as liquidity in the money market remained tight while volumes traded were robust. The Kenyan Shilling (KES) remained at three year lows during Tuesday’s trading session despite CBK’s intervention in the money market yesterday where the bank sold an undisclosed amount of US Dollars to curb exchange rate volatility.

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