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Money Market Remains Liquid

BY · November 24, 2015 10:11 am

Secondary Market: Bond turnover tapered by 99% to KES 5.95 million at the beginning of the week, even though the money market remained liquid. Only three deals were transacted during the day’s trading session, of which all were odd lots. We anticipate that a loss in the secondary bond trading is due to the upcoming primary bond auction of the FXD2/2015/5 paper tomorrow.

Money Market: The money market is currently awash with liquidity, reflected by the interbank rate which subsided to 6.00% yesterday. Meanwhile, the shilling clawed a marginal 0.08% against the US Dollar (USD) settling at 102.13 as relative stability benefitted the pair.

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