{"id":11149,"date":"2024-12-09T07:16:24","date_gmt":"2024-12-09T07:16:24","guid":{"rendered":"https:\/\/sib.co.ke\/reports\/?p=11149"},"modified":"2024-12-09T07:21:17","modified_gmt":"2024-12-09T07:21:17","slug":"weekly-fixed-income-report-09-12-24","status":"publish","type":"post","link":"https:\/\/sib.co.ke\/reports\/weekly-fixed-income-report-09-12-24\/","title":{"rendered":"WEEKLY FIXED INCOME REPORT\u00a0| 9 Dec 2024"},"content":{"rendered":"\n
SIB Fixed Income Weekly Report 9 Dec 2024<\/a>Download<\/a><\/div>\n\n\n\n

MONEY MARKET ANALYSIS <\/strong><\/h4>\n\n\n\n

This week, the average lending rate eased to 11.80% from 11.91%, with the final day of the week driving the momentum, spurred by the downward adjustment of the benchmark rate. Meanwhile, interbank activity painted a picture of enhanced liquidity, as average volumes soared by 89.1% to KES 43.16bn from KES 22.83bn, mirroring a 40.5% surge in transaction count. The financial pulse quickened, signaling a responsive market environment. <\/p>\n\n\n\n

The table below summarizes the market liquidity indicators: <\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Open market operations slowed this week, with bank bids falling to KES 46.90bn from KES 68.40bn the previous week. The Central Bank accepted bids totaling KES 30.0bn, which helped offset maturities amounting to KES 51.23bn, resulting in an overall liquidity mop of KES 21.23bn.<\/p>\n\n\n

\n
\"\"<\/figure><\/div>\n\n\n


Notably, the weighted average interbank rate has closely aligned with the Central Bank Rate in recent weeks, with actual highs and lows remaining well within the interest rate corridor, exhibiting no deviations. See the chart below; <\/p>\n\n\n

\n
\"\"<\/figure><\/div>\n\n\n

<\/p>\n\n\n\n

SIB Fixed Income Weekly Report 9 Dec 2024<\/a>Download<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

MONEY MARKET ANALYSIS  This week, the average lending rate eased to 11.80% from 11.91%, with the final day of the week driving the momentum, spurred by the downward adjustment of the benchmark rate. Meanwhile, interbank activity painted a picture of enhanced liquidity, as average volumes soared by 89.1% to KES 43.16bn from KES 22.83bn, mirroring…<\/p>\n","protected":false},"author":3,"featured_media":11153,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_kad_post_transparent":"","_kad_post_title":"","_kad_post_layout":"","_kad_post_sidebar_id":"","_kad_post_content_style":"","_kad_post_vertical_padding":"","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false,"footnotes":""},"categories":[1],"tags":[80,81],"class_list":["post-11149","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-weekly-reports","tag-fixed-income-report","tag-t-bills"],"yoast_head":"\nWEEKLY FIXED INCOME REPORT\u00a0| 9 Dec 2024 - Standard Investment Bank<\/title>\n<meta name=\"description\" content=\"This week, the average lending rate eased to 11.80% from 11.91%, with the final day of the week drivingthe momentum, spurred by the downward adjustment of the benchmark rate\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/sib.co.ke\/reports\/weekly-fixed-income-report-09-12-24\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"WEEKLY FIXED INCOME REPORT\u00a0| 9 Dec 2024\" \/>\n<meta property=\"og:description\" content=\"MPC lowers base rate bya further 75bps to spark economic growth. 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