{"id":11527,"date":"2025-05-26T06:17:49","date_gmt":"2025-05-26T06:17:49","guid":{"rendered":"https:\/\/sib.co.ke\/reports\/?p=11527"},"modified":"2025-05-26T06:21:15","modified_gmt":"2025-05-26T06:21:15","slug":"weekly-fixed-income-report-26-may-2025","status":"publish","type":"post","link":"https:\/\/sib.co.ke\/reports\/weekly-fixed-income-report-26-may-2025\/","title":{"rendered":"WEEKLY FIXED INCOME REPORT | 26 May 2025"},"content":{"rendered":"\n<div class=\"wp-block-file\"><a id=\"wp-block-file--media-dec2b286-00cc-4480-9ff5-48781ec11a53\" href=\"https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2025\/05\/SIB-Fixed-Income-Weekly-Report-26-May-2025.pdf\">SIB Fixed Income Weekly Report 26 May 2025<\/a><a href=\"https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2025\/05\/SIB-Fixed-Income-Weekly-Report-26-May-2025.pdf\" class=\"wp-block-file__button wp-element-button\" download aria-describedby=\"wp-block-file--media-dec2b286-00cc-4480-9ff5-48781ec11a53\">Download<\/a><\/div>\n\n\n\n<h4 class=\"wp-block-heading\">MONEY MARKET ANALYSIS<\/h4>\n\n\n\n<p>Interbank lending extended its losing streak for the fourth straight week, with average traded volumes tumbling 32.6% to KES 5.05bn from KES 7.49bn. This was mirrored by a 41.2% drop in transaction count, pointing to a broad slowdown in market activity. Meanwhile, the average interbank rate held steady, inching up slightly to 9.87% from 9.85%, a sign of continued policy calibration by the CBK via 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=\"160\" src=\"https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2025\/05\/Screenshot-2025-05-26-at-08.57.43-1024x160.png\" alt=\"\" class=\"wp-image-11529\" srcset=\"https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2025\/05\/Screenshot-2025-05-26-at-08.57.43-1024x160.png 1024w, https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2025\/05\/Screenshot-2025-05-26-at-08.57.43-300x47.png 300w, https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2025\/05\/Screenshot-2025-05-26-at-08.57.43-768x120.png 768w, https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2025\/05\/Screenshot-2025-05-26-at-08.57.43.png 1394w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>As May winds down, the market is closing on a muted note, with average interbank lending running below this\u00a0year\u2019s historical norms. The subdued peer-to-peer activity signals cautious liquidity management, as players\u00a0appear to be holding onto cash\u2014possibly positioning for more attractive opportunities. See the chart below:<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1024\" height=\"312\" src=\"https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2025\/05\/Screenshot-2025-05-26-at-08.57.55-1024x312.png\" alt=\"\" class=\"wp-image-11530\" srcset=\"https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2025\/05\/Screenshot-2025-05-26-at-08.57.55-1024x312.png 1024w, https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2025\/05\/Screenshot-2025-05-26-at-08.57.55-300x91.png 300w, https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2025\/05\/Screenshot-2025-05-26-at-08.57.55-768x234.png 768w, https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2025\/05\/Screenshot-2025-05-26-at-08.57.55.png 1400w\" 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\u00a0and 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=\"363\" src=\"https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2025\/05\/Screenshot-2025-05-26-at-08.58.12-1024x363.png\" alt=\"\" class=\"wp-image-11531\" srcset=\"https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2025\/05\/Screenshot-2025-05-26-at-08.58.12-1024x363.png 1024w, https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2025\/05\/Screenshot-2025-05-26-at-08.58.12-300x106.png 300w, https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2025\/05\/Screenshot-2025-05-26-at-08.58.12-768x272.png 768w, https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2025\/05\/Screenshot-2025-05-26-at-08.58.12.png 1348w\" 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-dec2b286-00cc-4480-9ff5-48781ec11a53\" href=\"https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2025\/05\/SIB-Fixed-Income-Weekly-Report-26-May-2025.pdf\">SIB Fixed Income Weekly Report 26 May 2025<\/a><a href=\"https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2025\/05\/SIB-Fixed-Income-Weekly-Report-26-May-2025.pdf\" class=\"wp-block-file__button wp-element-button\" download aria-describedby=\"wp-block-file--media-dec2b286-00cc-4480-9ff5-48781ec11a53\">Download<\/a><\/div>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>MONEY MARKET ANALYSIS Interbank lending extended its losing streak for the fourth straight week, with average traded volumes tumbling 32.6% to KES 5.05bn from KES 7.49bn. This was mirrored by a 41.2% drop in transaction count, pointing to a broad slowdown in market activity. Meanwhile, the average interbank rate held steady, inching up slightly to&#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":[165,80,184,98,79,81,82],"class_list":["post-11527","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-inflation","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 | 26 May 2025 - Standard Investment Bank<\/title>\n<meta name=\"description\" content=\"May 2025 inflation estimate: 3.8% - 4.0%. April Tax Revenues Jump 5.1%y\/y to KES 221.39bn\u2014 the Highest in FY24\/25\" \/>\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-26-may-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 | 26 May 2025\" \/>\n<meta property=\"og:description\" content=\"May 2025 inflation estimate: 3.8% - 4.0%. 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