Kenyan Shilling Sheds 0.06 Percent Against US Dollar

Secondary Market: Trading in the secondary market was active at the start of the week as bond turnover extended by 16% to KES 1.20 billion, on the back of 17 bond deal transactions. Investors showed keen interest for short tenor bonds. The FXD1/2015/1Yr accounted for the largest volumes of trades.

Money Market: The interbank market indicated robust liquidity. Meanwhile, the Kenyan shilling shed 0.06% against the US Dollar, to close at 102.20, as the latter held steady at eight-month highs against other major currencies; as investors eyed the release of U.S data later in the day amid accumulating hopes for a December rate hike by the Federal Reserve.

Upcoming Auctions

• 2nd December 2015 – KES 6.0Bn 182 & KES 6.0BN 364-day T-bills

• 3rd December 2015 – KES 4 Bn 91 day T-bills