Secondary Market: Trading in the secondary market extended slightly to KES 776.10 million despite constrained market conditions. Investors showed interest for intermediate term bonds in the 12 and 15 Year bracket.
Money Market: The interbank rate surged to 10.37% yesterday as bond investor’s revved up demand as they prepared for the auction of two bonds yesterday. The USDKES exchange rate gathered strength for the first day to 96.31 (12:30pm GMT) supported by foreign inflows being channeled into the bond auction coupled with the US Dollar softening against key currencies.
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