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Kenyan Shilling gains against the US Dollar

BY · May 18, 2015 09:05 am

Secondary Market: Trading in the secondary market subdued at the end of the week as bond turnover dropped to KES 526.50 million.

Infrastructure bonds carried the weight of total traded volumes. We expect secondary trading to remain suppressed in the earlier part of the week as the Treasury goes to the primary market to offer two bonds tomorrow.

Money Market: The interbank rate edged up slightly to 9.56% as liquidity in the money market fluctuated. The regulator has remained active in the money market through its open market operations; on Friday a sum of KES 6 Billion REPOs and TADs were offered in the money market. Consequently, the KES garnered 0.57% to KES. 95.59 against the US Dollar (USD).

Upcoming Auctions

  • 20th May 2015 – KES 3.0Bn 182 & KES 4.0BN 364-day T-bills
  • 21st May 2015 – KES 1 Bn 91 day T-bills

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