{"id":11451,"date":"2025-04-22T06:32:56","date_gmt":"2025-04-22T06:32:56","guid":{"rendered":"https:\/\/sib.co.ke\/reports\/?p=11451"},"modified":"2025-04-22T06:56:05","modified_gmt":"2025-04-22T06:56:05","slug":"weekly-fixed-income-report-22-apr-2025","status":"publish","type":"post","link":"https:\/\/sib.co.ke\/reports\/weekly-fixed-income-report-22-apr-2025\/","title":{"rendered":"WEEKLY FIXED INCOME REPORT | 22 Apr 2025"},"content":{"rendered":"\n<div class=\"wp-block-file\"><a id=\"wp-block-file--media-ea5ea011-d8ee-4a78-9cdc-483b2673eaf3\" href=\"https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2025\/04\/SIB-Fixed-Income-Weekly-Report-22-Apr-2025.pdf\">SIB Fixed Income Weekly Report 22 Apr 2025<\/a><a href=\"https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2025\/04\/SIB-Fixed-Income-Weekly-Report-22-Apr-2025.pdf\" class=\"wp-block-file__button wp-element-button\" download aria-describedby=\"wp-block-file--media-ea5ea011-d8ee-4a78-9cdc-483b2673eaf3\">Download<\/a><\/div>\n\n\n\n<h4 class=\"wp-block-heading\">MONEY MARKET ANALYSIS<\/h4>\n\n\n\n<p>Interbank lending experienced a notable decline during the week, with average traded volumes plunging by 64.8% to KES 6.99bn, compared to KES 19.83bn in the previous week. This coincided with a 27.3% drop in the number of transactions. This decline aligns with the recent trend, where interbank lending frequently alternates between periods of growth and contraction. <\/p>\n\n\n\n<p>Meanwhile, the average interbank rate eased to 9.86% from 10.36%, as the effects of the Central Bank Rate (CBR) cut earlier in the week continue to take hold. This marked the first time since August 2023 that the interbank rate dipped into single digits. 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=\"177\" src=\"https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2025\/04\/Screenshot-2025-04-22-at-09.14.52-1024x177.png\" alt=\"\" class=\"wp-image-11453\" srcset=\"https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2025\/04\/Screenshot-2025-04-22-at-09.14.52-1024x177.png 1024w, https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2025\/04\/Screenshot-2025-04-22-at-09.14.52-300x52.png 300w, https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2025\/04\/Screenshot-2025-04-22-at-09.14.52-768x132.png 768w, https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2025\/04\/Screenshot-2025-04-22-at-09.14.52-1536x265.png 1536w, https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2025\/04\/Screenshot-2025-04-22-at-09.14.52.png 1786w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>As has been the trend, interbank rates remain firmly anchored to the Central Bank Rate, with the highs\u00a0consistently aligned with the upper end and the lows now squarely within the discount window. See the chart\u00a0below;<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1024\" height=\"580\" src=\"https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2025\/04\/Screenshot-2025-04-22-at-09.15.12-1024x580.png\" alt=\"\" class=\"wp-image-11454\" srcset=\"https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2025\/04\/Screenshot-2025-04-22-at-09.15.12-1024x580.png 1024w, https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2025\/04\/Screenshot-2025-04-22-at-09.15.12-300x170.png 300w, https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2025\/04\/Screenshot-2025-04-22-at-09.15.12-768x435.png 768w, https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2025\/04\/Screenshot-2025-04-22-at-09.15.12-1536x871.png 1536w, https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2025\/04\/Screenshot-2025-04-22-at-09.15.12.png 1736w\" 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-ea5ea011-d8ee-4a78-9cdc-483b2673eaf3\" href=\"https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2025\/04\/SIB-Fixed-Income-Weekly-Report-22-Apr-2025.pdf\">SIB Fixed Income Weekly Report 22 Apr 2025<\/a><a href=\"https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2025\/04\/SIB-Fixed-Income-Weekly-Report-22-Apr-2025.pdf\" class=\"wp-block-file__button wp-element-button\" download aria-describedby=\"wp-block-file--media-ea5ea011-d8ee-4a78-9cdc-483b2673eaf3\">Download<\/a><\/div>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>MONEY MARKET ANALYSIS Interbank lending experienced a notable decline during the week, with average traded volumes plunging by 64.8% to KES 6.99bn, compared to KES 19.83bn in the previous week. This coincided with a 27.3% drop in the number of transactions. This decline aligns with the recent trend, where interbank lending frequently alternates between periods&#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":[165,80,179,98,79,81,82],"class_list":["post-11451","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fixed-income-reports","category-weekly-reports","tag-currency-performance","tag-fixed-income-report","tag-fuel-price","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 | 22 Apr 2025 - Standard Investment Bank<\/title>\n<meta name=\"description\" content=\"Fuel Prices Fall Amid Lower Landed Costs - Narrower Subsidies. FY24\/25 Revenue Target Trimmed by 1.9% to KES 2,580.93bn in Supplementary Budget II\" \/>\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-22-apr-2025\/\" \/>\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 | 22 Apr 2025\" \/>\n<meta property=\"og:description\" content=\"Fuel Prices Fall Amid Lower Landed Costs - Narrower Subsidies. 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