{"id":11541,"date":"2025-06-03T06:13:39","date_gmt":"2025-06-03T06:13:39","guid":{"rendered":"https:\/\/sib.co.ke\/reports\/?p=11541"},"modified":"2025-06-03T06:13:41","modified_gmt":"2025-06-03T06:13:41","slug":"weekly-fixed-income-report-03-june-2025","status":"publish","type":"post","link":"https:\/\/sib.co.ke\/reports\/weekly-fixed-income-report-03-june-2025\/","title":{"rendered":"WEEKLY FIXED INCOME REPORT | 03 June 2025"},"content":{"rendered":"\n<div class=\"wp-block-file\"><a id=\"wp-block-file--media-ba1063ca-413b-4f71-8062-646529c65926\" href=\"https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2025\/06\/SIB-Fixed-Income-Weekly-Report-3-Jun-2025.pdf\">SIB Fixed Income Weekly Report 3 Jun 2025<\/a><a href=\"https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2025\/06\/SIB-Fixed-Income-Weekly-Report-3-Jun-2025.pdf\" class=\"wp-block-file__button wp-element-button\" download aria-describedby=\"wp-block-file--media-ba1063ca-413b-4f71-8062-646529c65926\">Download<\/a><\/div>\n\n\n\n<h4 class=\"wp-block-heading\">MONEY MARKET ANALYSIS<\/h4>\n\n\n\n<p>Interbank lending reversed a one-month losing streak, recording a 28.1% increase in average traded volumes to KES 6.47bn, up from KES 5.05bn. This uptick was accompanied by a 40.0% rise in transaction count, indicating a more active interbank market compared to the previous week. Meanwhile, the average interbank rate remained relatively stable, edging down slightly to 9.81% from 9.87%. Notably, the discount window was active for the first time in a month, with KES 7.50bn accessed. 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=\"167\" src=\"https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2025\/06\/Screenshot-2025-06-03-at-09.01.17-1024x167.png\" alt=\"\" class=\"wp-image-11543\" srcset=\"https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2025\/06\/Screenshot-2025-06-03-at-09.01.17-1024x167.png 1024w, https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2025\/06\/Screenshot-2025-06-03-at-09.01.17-300x49.png 300w, https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2025\/06\/Screenshot-2025-06-03-at-09.01.17-768x125.png 768w, https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2025\/06\/Screenshot-2025-06-03-at-09.01.17-1536x251.png 1536w, https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2025\/06\/Screenshot-2025-06-03-at-09.01.17-2048x335.png 2048w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>As expected, the month of May closed on a muted note, with average interbank lending coming in at KES 7.41bn, a 50.7% decline from KES 15.02bn in the month of April 2025. This trend is likely to persist in the coming weeks, as market players potentially hold back in anticipation of more attractive opportunities, particularly with one more bond issuance expected before the close of the fiscal year. See the chart below:<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1024\" height=\"336\" src=\"https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2025\/06\/Screenshot-2025-06-03-at-09.01.33-1024x336.png\" alt=\"\" class=\"wp-image-11544\" srcset=\"https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2025\/06\/Screenshot-2025-06-03-at-09.01.33-1024x336.png 1024w, https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2025\/06\/Screenshot-2025-06-03-at-09.01.33-300x98.png 300w, https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2025\/06\/Screenshot-2025-06-03-at-09.01.33-768x252.png 768w, https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2025\/06\/Screenshot-2025-06-03-at-09.01.33-1536x504.png 1536w, https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2025\/06\/Screenshot-2025-06-03-at-09.01.33-2048x672.png 2048w\" 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=\"383\" src=\"https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2025\/06\/Screenshot-2025-06-03-at-09.01.46-1024x383.png\" alt=\"\" class=\"wp-image-11545\" srcset=\"https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2025\/06\/Screenshot-2025-06-03-at-09.01.46-1024x383.png 1024w, https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2025\/06\/Screenshot-2025-06-03-at-09.01.46-300x112.png 300w, https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2025\/06\/Screenshot-2025-06-03-at-09.01.46-768x287.png 768w, https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2025\/06\/Screenshot-2025-06-03-at-09.01.46-1536x574.png 1536w, https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2025\/06\/Screenshot-2025-06-03-at-09.01.46.png 2028w\" 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-ba1063ca-413b-4f71-8062-646529c65926\" href=\"https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2025\/06\/SIB-Fixed-Income-Weekly-Report-3-Jun-2025.pdf\">SIB Fixed Income Weekly Report 3 Jun 2025<\/a><a href=\"https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2025\/06\/SIB-Fixed-Income-Weekly-Report-3-Jun-2025.pdf\" class=\"wp-block-file__button wp-element-button\" download aria-describedby=\"wp-block-file--media-ba1063ca-413b-4f71-8062-646529c65926\">Download<\/a><\/div>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>MONEY MARKET ANALYSIS Interbank lending reversed a one-month losing streak, recording a 28.1% increase in average traded volumes to KES 6.47bn, up from KES 5.05bn. This uptick was accompanied by a 40.0% rise in transaction count, indicating a more active interbank market compared to the previous week. Meanwhile, the average interbank rate remained relatively stable,&#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":[165,80,184,79,81,82],"class_list":["post-11541","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-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 | 03 June 2025 - Standard Investment Bank<\/title>\n<meta name=\"description\" content=\"June 2025 Policy Action Outlook: 50bps Rate Cut. 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