{"id":11374,"date":"2025-03-17T10:32:28","date_gmt":"2025-03-17T10:32:28","guid":{"rendered":"https:\/\/sib.co.ke\/reports\/?p=11374"},"modified":"2025-03-18T06:21:37","modified_gmt":"2025-03-18T06:21:37","slug":"weekly-fixed-income-report-17-mar-2025","status":"publish","type":"post","link":"https:\/\/sib.co.ke\/reports\/weekly-fixed-income-report-17-mar-2025\/","title":{"rendered":"WEEKLY FIXED INCOME REPORT | 17 Mar 2025"},"content":{"rendered":"\n<div class=\"wp-block-file\"><a id=\"wp-block-file--media-968ab8cb-b0fd-4514-b9b9-ac836e079615\" href=\"https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2025\/03\/SIB-Fixed-Income-Weekly-Report-17-Mar-2025.pdf\">SIB Fixed Income Weekly Report 17 Mar 2025<\/a><a href=\"https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2025\/03\/SIB-Fixed-Income-Weekly-Report-17-Mar-2025.pdf\" class=\"wp-block-file__button wp-element-button\" download aria-describedby=\"wp-block-file--media-968ab8cb-b0fd-4514-b9b9-ac836e079615\">Download<\/a><\/div>\n\n\n\n<h4 class=\"wp-block-heading\"><br><strong>MONEY MARKET ANALYSIS<\/strong><\/h4>\n\n\n\n<p>Interbank lending rejuvenated this week, defying last week\u2019s declining trend as traded volumes jumped 85.31% KES 21.85bn from KES 11.79bn. Deal numbers echoed the rise, increasing by 37.0%. On the flip side, the average interbank rate remained relatively stable, inching down marginally to 10.68% from 10.70% the week before. Key to note, the discount window was active following weeks of inactivity though only KES 200m was traded. The table below summarises the market liquidity indicators:<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"175\" src=\"https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2025\/03\/Screenshot-2025-03-17-at-13.26.36-1024x175.png\" alt=\"\" class=\"wp-image-11378\" srcset=\"https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2025\/03\/Screenshot-2025-03-17-at-13.26.36-1024x175.png 1024w, https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2025\/03\/Screenshot-2025-03-17-at-13.26.36-300x51.png 300w, https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2025\/03\/Screenshot-2025-03-17-at-13.26.36-768x131.png 768w, https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2025\/03\/Screenshot-2025-03-17-at-13.26.36-1536x262.png 1536w, https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2025\/03\/Screenshot-2025-03-17-at-13.26.36.png 1756w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>So far, the average traded volumes in the interbank market remains higher than that of March but way below what was traded in January. This suggests a potentially tightened liquidity as banks seemingly hold their liquidity. See below a visual chart of the interbank market trends;<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1024\" height=\"359\" src=\"https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2025\/03\/Screenshot-2025-03-17-at-13.28.22-1024x359.png\" alt=\"\" class=\"wp-image-11379\" srcset=\"https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2025\/03\/Screenshot-2025-03-17-at-13.28.22-1024x359.png 1024w, https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2025\/03\/Screenshot-2025-03-17-at-13.28.22-300x105.png 300w, https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2025\/03\/Screenshot-2025-03-17-at-13.28.22-768x269.png 768w, https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2025\/03\/Screenshot-2025-03-17-at-13.28.22-1536x538.png 1536w, https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2025\/03\/Screenshot-2025-03-17-at-13.28.22.png 1780w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>The weighted average interbank rate has closely tracked the Central Bank Rate, underscoring the stability and\u00a0effectiveness of the monetary policy framework. See the chart below;<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1024\" height=\"360\" src=\"https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2025\/03\/Screenshot-2025-03-17-at-13.28.33-1024x360.png\" alt=\"\" class=\"wp-image-11380\" srcset=\"https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2025\/03\/Screenshot-2025-03-17-at-13.28.33-1024x360.png 1024w, https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2025\/03\/Screenshot-2025-03-17-at-13.28.33-300x105.png 300w, https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2025\/03\/Screenshot-2025-03-17-at-13.28.33-768x270.png 768w, https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2025\/03\/Screenshot-2025-03-17-at-13.28.33-1536x540.png 1536w, https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2025\/03\/Screenshot-2025-03-17-at-13.28.33.png 1816w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<h4 class=\"wp-block-heading\">Read Full Report:<\/h4>\n\n\n\n<div class=\"wp-block-file\"><a id=\"wp-block-file--media-968ab8cb-b0fd-4514-b9b9-ac836e079615\" href=\"https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2025\/03\/SIB-Fixed-Income-Weekly-Report-17-Mar-2025.pdf\">SIB Fixed Income Weekly Report 17 Mar 2025<\/a><a href=\"https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2025\/03\/SIB-Fixed-Income-Weekly-Report-17-Mar-2025.pdf\" class=\"wp-block-file__button wp-element-button\" download aria-describedby=\"wp-block-file--media-968ab8cb-b0fd-4514-b9b9-ac836e079615\">Download<\/a><\/div>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>MONEY MARKET ANALYSIS Interbank lending rejuvenated this week, defying last week\u2019s declining trend as traded volumes jumped 85.31% KES 21.85bn from KES 11.79bn. Deal numbers echoed the rise, increasing by 37.0%. On the flip side, the average interbank rate remained relatively stable, inching down marginally to 10.68% from 10.70% the week before. Key to note,&#8230;<\/p>\n","protected":false},"author":4,"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":[174,1],"tags":[165,98,79,81,82],"class_list":["post-11374","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fixed-income-reports","category-weekly-reports","tag-currency-performance","tag-kenyan-eurobonds","tag-market-news","tag-t-bills","tag-t-bonds"],"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 | 17 Mar 2025 - Standard Investment Bank<\/title>\n<meta name=\"description\" content=\"Diaspora Remittances declines by 1.0% y\/y to USD 382.2m in February 2025. 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