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Investment

Money Market Remains Relatively Liquid

BY · October 30, 2015 09:10 am

Secondary Market: Trading in the secondary market remained subdued as investors shifted focus to the primary auction of the 91-day paper yesterday, which attracted subscription levels of over 800%. Meanwhile, bond turnover in the secondary market tapered by 71% to 174.45 million on the back of seven bond deals. All the deals processed yesterday were odd lots.

Money Market: The money market remained relatively liquid with little fluctuation in the interbank rate. Thursday’s trading session saw the shilling perform on a mixed reaction against its regional and international peers.

The KES shed 0.39% against the US Dollar to 101.90 as new US economic growth data indicated an expansion of 1.5% in the third quarter.

Upcoming Auctions

  • 4th November 2015 – KES 4.0Bn 182-day T-bills & KES 4.0Bn 364-day T-bills
  • 5th November 2015 – KES 4.0Bn 91-day T-bills

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