Secondary Market: Secondary market trading mellowed during Tuesday’s trading session as market layers held positions. Bond turnover tapered by 44.06% to KES619.65 million with a sum of 27 bond deals transacted, although majority of them were odd lots.
Money Market: The interbank rate spiked to 20.56% yesterday, as liquidity in the market tightened. The Kenyan Shilling traded with steady momentum against major international peers during a relatively quiet trading session on Tuesday. Subdued dollar demand from corporates coupled with banks holding Shilling positions in order to meet mid-month cash reserve requirements backed the KES.
Upcoming Auctions:
- 9th September 2015 – KES 3.0Bn 182 & KES 4.0BN 364-day T-bills
- 10th September 2015 – KES 1 Bn 91 day T-bills
