Secondary Market: Trading in the secondary market accelerated at the beginning of the week with bond turnover at KES 1.28 billion with a sum of 23 bond deals transacted during the day. The Market Leaders Forum is scheduled to take place this week, with traders expecting the Treasury to offer an Infrastructure bond.
Money Market: The monetary regulator intervened in the money market as liquidity has been In excess. Sums of KES 29 billion TADs were offered yesterday but the regulator only managed attain subscription worth KES 18 billion. A marginal loss of 0.02% was recorded against the dollar settling at 103.95 (12:30pm GMT) as importer demand for dollars remained high.