{"id":11459,"date":"2025-04-28T09:25:03","date_gmt":"2025-04-28T09:25:03","guid":{"rendered":"https:\/\/sib.co.ke\/reports\/?p=11459"},"modified":"2025-04-28T09:25:05","modified_gmt":"2025-04-28T09:25:05","slug":"weekly-fixed-income-report-28-apr-2025","status":"publish","type":"post","link":"https:\/\/sib.co.ke\/reports\/weekly-fixed-income-report-28-apr-2025\/","title":{"rendered":"WEEKLY FIXED INCOME REPORT | 28 Apr 2025"},"content":{"rendered":"\n<div class=\"wp-block-file\"><a id=\"wp-block-file--media-f6b99246-b54c-4750-8ebb-bf47ce9fa1fb\" href=\"https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2025\/04\/SIB-Fixed-Income-Weekly-Report-28-Apr-2025.pdf\">SIB Fixed Income Weekly Report 28 Apr 2025<\/a><a href=\"https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2025\/04\/SIB-Fixed-Income-Weekly-Report-28-Apr-2025.pdf\" class=\"wp-block-file__button wp-element-button\" download aria-describedby=\"wp-block-file--media-f6b99246-b54c-4750-8ebb-bf47ce9fa1fb\">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 increase during the week, with average traded volumes more than tripling to KES 23.31bn from KES 6.99bn the previous week. This was accompanied by a 41.7% jump in the number of transactions. The movement aligns with recent trends, where interbank activity has been alternating between weeks of expansion and contraction. <\/p>\n\n\n\n<p>Meanwhile, the average interbank rate rose marginally to 9.91%, from 9.86%, bucking the recent downward trend. After six weeks of inactivity, the discount window reopened, with KES 3.50bn traded. The table below summarizes the market liquidity indicators:<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"174\" src=\"https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2025\/04\/Screenshot-2025-04-28-at-12.18.26-1024x174.png\" alt=\"\" class=\"wp-image-11461\" srcset=\"https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2025\/04\/Screenshot-2025-04-28-at-12.18.26-1024x174.png 1024w, https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2025\/04\/Screenshot-2025-04-28-at-12.18.26-300x51.png 300w, https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2025\/04\/Screenshot-2025-04-28-at-12.18.26-768x130.png 768w, https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2025\/04\/Screenshot-2025-04-28-at-12.18.26.png 1310w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>In the Open Market Operations, the Central Bank of Kenya continued to mop up liquidity to maintain the&nbsp;interbank lending rate within the set corridor.<\/p>\n\n\n\n<p>As has been the trend, interbank rates remain firmly anchored to the Central Bank Rate, with the highs&nbsp;consistently aligned with the upper end and the lows now squarely within the discount window. See the chart&nbsp;below;<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1024\" height=\"475\" src=\"https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2025\/04\/Screenshot-2025-04-28-at-12.18.34-1024x475.png\" alt=\"\" class=\"wp-image-11462\" srcset=\"https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2025\/04\/Screenshot-2025-04-28-at-12.18.34-1024x475.png 1024w, https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2025\/04\/Screenshot-2025-04-28-at-12.18.34-300x139.png 300w, https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2025\/04\/Screenshot-2025-04-28-at-12.18.34-768x356.png 768w, https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2025\/04\/Screenshot-2025-04-28-at-12.18.34.png 1340w\" 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-f6b99246-b54c-4750-8ebb-bf47ce9fa1fb\" href=\"https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2025\/04\/SIB-Fixed-Income-Weekly-Report-28-Apr-2025.pdf\">SIB Fixed Income Weekly Report 28 Apr 2025<\/a><a href=\"https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2025\/04\/SIB-Fixed-Income-Weekly-Report-28-Apr-2025.pdf\" class=\"wp-block-file__button wp-element-button\" download aria-describedby=\"wp-block-file--media-f6b99246-b54c-4750-8ebb-bf47ce9fa1fb\">Download<\/a><\/div>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>MONEY MARKET ANALYSIS Interbank lending experienced a notable increase during the week, with average traded volumes more than tripling to KES 23.31bn from KES 6.99bn the previous week. This was accompanied by a 41.7% jump in the number of transactions. The movement aligns with recent trends, where interbank activity has been alternating between weeks of&#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":[165,80,98,81,82],"class_list":["post-11459","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-kenyan-eurobonds","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 | 28 Apr 2025 - Standard Investment Bank<\/title>\n<meta name=\"description\" content=\"Discount Window Reopens After Six Weeks of Dormancy. 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