This reviews the weekly market for the specified period.

 

Short-term rates for the thid successive week slid in a T-Bill Market that is awash with Liquity. With the Performance having greatly improved in the recent weeks, the rates could continue on the downward trend at least in the short tem.

CBK has announced it will be floating a twin issue of a 2 and 5 year T-Bond yielding a coupon of 8.75% and 9.50% respectively targeting to raise 8Bn.

T-Bill tsyrd hsf mixed trends with the 91-day bench-mark rate marginally inching up 0.3 basis points and 182-day instrument sliding 3.3 basis points. The short-term rates seem to be stabilizing at these levels. GOK is accepting bids for the second issue of the 10 year discounted T-bond hoping to raise 8Bn. with the same coupon of 10.75% as the last tenor bond issued early in the year. YTM for a 10 year T-bond stands at 11.45%.

 

In the T Bill Market the good performance continued to exert downward pressure on the short-term rates sliding to six weeks low with bench-mark 91 day shaving off 6 basis points to record a rate of 7.68% and the spread narrowing to 38 basis points. GOK is accepting bids for the second issue of the 10year discounted T-Bond hoping to raise 8Bn with the same coupon of 10.75% as the last same tenor bond issued early in the year. YTM for 10 year T-bond stands at 11.50%.

This form is suitable for individuals wishing to apply for unit trusts.