Trading in the secondary market holds steady despite tight liquidity

Money Markets Prime Rates

Secondary Market: Trading in the secondary market held steady despite the tight liquidity which has plagued the money market. Bond turnover remained robust with volumes worth KES 2.09 Billion traded. Investor’s illustrated preference for bonds in the intermediate term bracket.

Money Market: Liquidity remained tight and the interbank rate continued to rise to stand at 12.76 yesterday. Dollar-buying was prevalent in the money market causing the USDKES to shed another 0.50% to 97.90 (12:0pm GMT) yesterday

Upcoming Auctions:

• 27th May 2015 – KES 3.0Bn 182 & KES 4.0BN 364-day T-bills

• 29th May 2015 – KES 1 Bn 91 day T-bills