{"id":11514,"date":"2025-05-19T06:48:33","date_gmt":"2025-05-19T06:48:33","guid":{"rendered":"https:\/\/sib.co.ke\/reports\/?p=11514"},"modified":"2025-05-19T06:48:35","modified_gmt":"2025-05-19T06:48:35","slug":"weekly-fixed-income-report-19-may-2025","status":"publish","type":"post","link":"https:\/\/sib.co.ke\/reports\/weekly-fixed-income-report-19-may-2025\/","title":{"rendered":"WEEKLY FIXED INCOME REPORT | 19 May 2025"},"content":{"rendered":"\n<div class=\"wp-block-file\"><a id=\"wp-block-file--media-4ac9b1b3-aaee-4959-bda2-b4dd2f385a0f\" href=\"https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2025\/05\/SIB-Fixed-Income-Weekly-Report-19-May-2025.pdf\">SIB Fixed Income Weekly Report 19 May 2025<\/a><a href=\"https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2025\/05\/SIB-Fixed-Income-Weekly-Report-19-May-2025.pdf\" class=\"wp-block-file__button wp-element-button\" download aria-describedby=\"wp-block-file--media-4ac9b1b3-aaee-4959-bda2-b4dd2f385a0f\">Download<\/a><\/div>\n\n\n\n<h4 class=\"wp-block-heading\">MONEY MARKET ANALYSIS<\/h4>\n\n\n\n<p>Interbank lending fell for the third consecutive week, with average traded volumes declining 23.6% to KES 7.49bn from KES 9.80bn in the previous week, despite a 13.3% rise the number of transactions. Meanwhile, the average interbank rate eased further to 9.85% from 9.91%, reflecting ongoing policy interventions by the CBK through open market operations. 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=\"156\" src=\"https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2025\/05\/Screenshot-2025-05-19-at-09.28.21-1024x156.png\" alt=\"\" class=\"wp-image-11516\" srcset=\"https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2025\/05\/Screenshot-2025-05-19-at-09.28.21-1024x156.png 1024w, https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2025\/05\/Screenshot-2025-05-19-at-09.28.21-300x46.png 300w, https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2025\/05\/Screenshot-2025-05-19-at-09.28.21-768x117.png 768w, https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2025\/05\/Screenshot-2025-05-19-at-09.28.21-1536x234.png 1536w, https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2025\/05\/Screenshot-2025-05-19-at-09.28.21.png 1604w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>May 2025 has so far carried a subdued tone, with average interbank lending trailing below historical norms. The restrained peer-to-peer activity suggests that market players are holding onto cash, despite the recent clearance of May maturities. See the chart below:<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1024\" height=\"338\" src=\"https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2025\/05\/Screenshot-2025-05-19-at-09.28.34-1024x338.png\" alt=\"\" class=\"wp-image-11517\" srcset=\"https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2025\/05\/Screenshot-2025-05-19-at-09.28.34-1024x338.png 1024w, https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2025\/05\/Screenshot-2025-05-19-at-09.28.34-300x99.png 300w, https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2025\/05\/Screenshot-2025-05-19-at-09.28.34-768x253.png 768w, https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2025\/05\/Screenshot-2025-05-19-at-09.28.34-1536x507.png 1536w, https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2025\/05\/Screenshot-2025-05-19-at-09.28.34.png 1686w\" 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=\"349\" src=\"https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2025\/05\/Screenshot-2025-05-19-at-09.28.45-1024x349.png\" alt=\"\" class=\"wp-image-11518\" srcset=\"https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2025\/05\/Screenshot-2025-05-19-at-09.28.45-1024x349.png 1024w, https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2025\/05\/Screenshot-2025-05-19-at-09.28.45-300x102.png 300w, https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2025\/05\/Screenshot-2025-05-19-at-09.28.45-768x262.png 768w, https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2025\/05\/Screenshot-2025-05-19-at-09.28.45-1536x523.png 1536w, https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2025\/05\/Screenshot-2025-05-19-at-09.28.45.png 1644w\" 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-4ac9b1b3-aaee-4959-bda2-b4dd2f385a0f\" href=\"https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2025\/05\/SIB-Fixed-Income-Weekly-Report-19-May-2025.pdf\">SIB Fixed Income Weekly Report 19 May 2025<\/a><a href=\"https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2025\/05\/SIB-Fixed-Income-Weekly-Report-19-May-2025.pdf\" class=\"wp-block-file__button wp-element-button\" download aria-describedby=\"wp-block-file--media-4ac9b1b3-aaee-4959-bda2-b4dd2f385a0f\">Download<\/a><\/div>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>MONEY MARKET ANALYSIS Interbank lending fell for the third consecutive week, with average traded volumes declining 23.6% to KES 7.49bn from KES 9.80bn in the previous week, despite a 13.3% rise the number of transactions. Meanwhile, the average interbank rate eased further to 9.85% from 9.91%, reflecting ongoing policy interventions by the CBK through open&#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-11514","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 | 19 May 2025 - Standard Investment Bank<\/title>\n<meta name=\"description\" content=\"Diaspora Remittances for April 2025 jump 6.4% y\/y to USD 422.89m. 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