{"id":11501,"date":"2025-05-12T09:40:47","date_gmt":"2025-05-12T09:40:47","guid":{"rendered":"https:\/\/sib.co.ke\/reports\/?p=11501"},"modified":"2025-05-12T09:40:48","modified_gmt":"2025-05-12T09:40:48","slug":"weekly-fixed-income-report-12-may-2025","status":"publish","type":"post","link":"https:\/\/sib.co.ke\/reports\/weekly-fixed-income-report-12-may-2025\/","title":{"rendered":"WEEKLY FIXED INCOME REPORT | 12 May 2025"},"content":{"rendered":"\n<div class=\"wp-block-file\"><a id=\"wp-block-file--media-f70dfe75-8014-4779-91b5-4ed1a9a70340\" href=\"https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2025\/05\/SIB-Fixed-Income-Weekly-Report-12-May-2025.pdf\">SIB Fixed Income Weekly Report 12 May 2025<\/a><a href=\"https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2025\/05\/SIB-Fixed-Income-Weekly-Report-12-May-2025.pdf\" class=\"wp-block-file__button wp-element-button\" download aria-describedby=\"wp-block-file--media-f70dfe75-8014-4779-91b5-4ed1a9a70340\">Download<\/a><\/div>\n\n\n\n<h4 class=\"wp-block-heading\">MONEY MARKET ANALYSIS<\/h4>\n\n\n\n<p>Interbank lending waned further during the week, with average traded volumes dropping by another 41.2% to KES 9.80bn from KES 16.65bn the previous week \u2013 in tandem with a 50% fall in the number of transactions. Nonetheless, the average interbank rate dropped marginally to 9.91%, from 9.94%, reflecting concurrent policy interventions by the CBK. 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=\"150\" src=\"https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2025\/05\/Screenshot-2025-05-12-at-12.33.04-1024x150.png\" alt=\"\" class=\"wp-image-11503\" srcset=\"https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2025\/05\/Screenshot-2025-05-12-at-12.33.04-1024x150.png 1024w, https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2025\/05\/Screenshot-2025-05-12-at-12.33.04-300x44.png 300w, https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2025\/05\/Screenshot-2025-05-12-at-12.33.04-768x112.png 768w, https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2025\/05\/Screenshot-2025-05-12-at-12.33.04-1536x225.png 1536w, https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2025\/05\/Screenshot-2025-05-12-at-12.33.04.png 1572w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>May kicked off at a slow pace, with average interbank lending remaining below historical levels. With the heavy bond maturities now behind us, we expect market players to gradually resume horizontal lending \u2014 though we remain watchful of how the month unfolds. See the chart below:<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1024\" height=\"358\" src=\"https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2025\/05\/Screenshot-2025-05-12-at-12.33.12-1024x358.png\" alt=\"\" class=\"wp-image-11504\" srcset=\"https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2025\/05\/Screenshot-2025-05-12-at-12.33.12-1024x358.png 1024w, https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2025\/05\/Screenshot-2025-05-12-at-12.33.12-300x105.png 300w, https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2025\/05\/Screenshot-2025-05-12-at-12.33.12-768x269.png 768w, https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2025\/05\/Screenshot-2025-05-12-at-12.33.12-1536x537.png 1536w, https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2025\/05\/Screenshot-2025-05-12-at-12.33.12.png 1624w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>Interbank rates remain firmly anchored to the Central Bank Rate, with the highs slightly above the policy rate and the lows closer to the rate but squarely within the corridor. See the chart below;<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1024\" height=\"321\" src=\"https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2025\/05\/Screenshot-2025-05-12-at-12.33.21-1024x321.png\" alt=\"\" class=\"wp-image-11505\" srcset=\"https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2025\/05\/Screenshot-2025-05-12-at-12.33.21-1024x321.png 1024w, https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2025\/05\/Screenshot-2025-05-12-at-12.33.21-300x94.png 300w, https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2025\/05\/Screenshot-2025-05-12-at-12.33.21-768x241.png 768w, https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2025\/05\/Screenshot-2025-05-12-at-12.33.21-1536x482.png 1536w, https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2025\/05\/Screenshot-2025-05-12-at-12.33.21.png 1632w\" 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-f70dfe75-8014-4779-91b5-4ed1a9a70340\" href=\"https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2025\/05\/SIB-Fixed-Income-Weekly-Report-12-May-2025.pdf\">SIB Fixed Income Weekly Report 12 May 2025<\/a><a href=\"https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2025\/05\/SIB-Fixed-Income-Weekly-Report-12-May-2025.pdf\" class=\"wp-block-file__button wp-element-button\" download aria-describedby=\"wp-block-file--media-f70dfe75-8014-4779-91b5-4ed1a9a70340\">Download<\/a><\/div>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>MONEY MARKET ANALYSIS Interbank lending waned further during the week, with average traded volumes dropping by another 41.2% to KES 9.80bn from KES 16.65bn the previous week \u2013 in tandem with a 50% fall in the number of transactions. Nonetheless, the average interbank rate dropped marginally to 9.91%, from 9.94%, reflecting concurrent policy interventions by&#8230;<\/p>\n","protected":false},"author":4,"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":[174,1],"tags":[165,80,98,79,81,82],"class_list":["post-11501","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-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 | 12 May 2025 - Standard Investment Bank<\/title>\n<meta name=\"description\" content=\"CBK Tops May Bond Issuance Target, but Maturities Trim Net Borrowing. 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