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Investors Actively Trade Bonds on Short End Tenor

BY · December 3, 2015 07:12 am

Secondary Market: Trading in the secondary market was robust during Wednesday’s trading session as bond turnover extended to KES 2.98 billion on the back of a total of 38 bond deals transacted during the day. Investors actively traded bonds on the short end tenor – with the 1 year bond remaining the most popular pick of the week.

Money Market: The money market remained relatively liquid, reflected by the interbank rate which was recorded at 5.08% yesterday. The Kenyan shilling performed slightly better than the previous trading session, having lost on all but two of its seven international currency comparables.

The local currency dropped 0.05%- for a second consecutive day- against the US Dollar to close at 102.20; as the latter was propped by US FOMC members speaking in regards to the economy and the fed rate hike.

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