{"id":11189,"date":"2024-12-16T10:24:23","date_gmt":"2024-12-16T10:24:23","guid":{"rendered":"https:\/\/sib.co.ke\/reports\/?p=11189"},"modified":"2024-12-16T10:24:24","modified_gmt":"2024-12-16T10:24:24","slug":"weekly-fixed-income-report-16-dec-2024","status":"publish","type":"post","link":"https:\/\/sib.co.ke\/reports\/weekly-fixed-income-report-16-dec-2024\/","title":{"rendered":"WEEKLY FIXED INCOME REPORT\u00a0| 16 Dec 2024"},"content":{"rendered":"\n<div class=\"wp-block-file\"><a id=\"wp-block-file--media-fbd1fe1c-7986-40ba-bca7-782f4a869ce7\" href=\"https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2024\/12\/SIB-Fixed-Income-Weekly-Report-16-Dec-2024.pdf\">SIB Fixed Income Weekly Report 16 Dec 2024<\/a><a href=\"https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2024\/12\/SIB-Fixed-Income-Weekly-Report-16-Dec-2024.pdf\" class=\"wp-block-file__button wp-element-button\" download aria-describedby=\"wp-block-file--media-fbd1fe1c-7986-40ba-bca7-782f4a869ce7\">Download<\/a><\/div>\n\n\n\n<p><\/p>\n\n\n\n<h4 class=\"wp-block-heading\">MONEY MARKET ANALYSIS<\/h4>\n\n\n\n<p>This week, the average lending rate slipped to 11.5% from 11.8%, offering some breathing room for borrowers in the interbank market. Meanwhile, interbank volumes soared, more than doubling to KES 54.36bn from KES 27.16bn, as transaction count spiked 34.6%. Interestingly, after a month of dormancy, the discount window reopened, recording KES 0.79bn in trades, signaling desperate liquidity maneuvers by some players.&nbsp;<\/p>\n\n\n\n<p>The table below summarizes the market liquidity indicators:&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"204\" src=\"https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2024\/12\/Screenshot-2024-12-16-at-1.17.32-PM-1024x204.png\" alt=\"\" class=\"wp-image-11191\" srcset=\"https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2024\/12\/Screenshot-2024-12-16-at-1.17.32-PM-1024x204.png 1024w, https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2024\/12\/Screenshot-2024-12-16-at-1.17.32-PM-300x60.png 300w, https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2024\/12\/Screenshot-2024-12-16-at-1.17.32-PM-768x153.png 768w, https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2024\/12\/Screenshot-2024-12-16-at-1.17.32-PM-1536x306.png 1536w, https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2024\/12\/Screenshot-2024-12-16-at-1.17.32-PM.png 1820w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>Open market operations picked up steam this week, with bank bids skyrocketing to over KES 130.0bn from KES 46.90bn the previous week. The Central Bank played its part, accepting roughly KES 80.0bn, which more than balanced out maturities of KES 31.0bn. This resulted to a net liquidity boost of approximately KES 49.0bn, keeping the financial gears well-oiled.&nbsp;<\/p>\n\n\n\n<p>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;&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1024\" height=\"498\" src=\"https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2024\/12\/Screenshot-2024-12-16-at-1.17.40-PM-1024x498.png\" alt=\"\" class=\"wp-image-11192\" srcset=\"https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2024\/12\/Screenshot-2024-12-16-at-1.17.40-PM-1024x498.png 1024w, https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2024\/12\/Screenshot-2024-12-16-at-1.17.40-PM-300x146.png 300w, https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2024\/12\/Screenshot-2024-12-16-at-1.17.40-PM-768x374.png 768w, https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2024\/12\/Screenshot-2024-12-16-at-1.17.40-PM-1536x747.png 1536w, https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2024\/12\/Screenshot-2024-12-16-at-1.17.40-PM.png 1830w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<h6 class=\"wp-block-heading\">Read more: <\/h6>\n\n\n\n<div class=\"wp-block-file\"><a id=\"wp-block-file--media-5d55da34-cd08-4d16-9e35-7086d8530596\" href=\"https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2024\/12\/SIB-Fixed-Income-Weekly-Report-16-Dec-2024.pdf\">SIB Fixed Income Weekly Report 16 Dec 2024<\/a><a href=\"https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2024\/12\/SIB-Fixed-Income-Weekly-Report-16-Dec-2024.pdf\" class=\"wp-block-file__button wp-element-button\" download aria-describedby=\"wp-block-file--media-5d55da34-cd08-4d16-9e35-7086d8530596\">Download<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>World Bank Downgrades Kenya Growth Forecast to 4.7%, Cites Fiscal Spillages as Key Downside Risk. Fuel Stabilization Fund<br \/>\nEases Price Pressure on Diesel &#038; Kerosene as Landed Costs Edge Up<\/p>\n","protected":false},"author":3,"featured_media":11155,"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":[96,98,81,82,94],"class_list":["post-11189","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-weekly-reports","tag-epra","tag-kenyan-eurobonds","tag-t-bills","tag-t-bonds","tag-world-bank"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>WEEKLY FIXED INCOME REPORT\u00a0| 16 Dec 2024 - Standard Investment Bank<\/title>\n<meta name=\"description\" content=\"World Bank Downgrades Kenya Growth Forecast to 4.7%, Cites Fiscal Spillages as Key Downside Risk. 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