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CBK Intervenes Amid Skewed Liquidity in the Money Market

BY Soko Directory Team · March 17, 2016 07:03 am

Secondary Market: An improvement was noted in secondary trading during Wednesday’s trading session as bond turnover extended by 39% to KES 3.47 billion.

Meanwhile, auctioned results filtered into the market during the course of the day – the 10 Year settled at 14.40% whilst the 15 Year was pegged at 14.98%.

Money Market: The CBK noted skewed liquidity in the money market and consequently intervened to offer Reverse REPOs worth KES 5Bn. Meanwhile, the Kenyan shilling extended a second day of positive trading against all but one of its currency peers during Wednesday’s trading session. The USDKES remained relatively flat as investors await the FOMC meeting deliberations, though there is unlikely to be a rate hike.

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Written by Genghis Research.

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