{"id":11984,"date":"2026-01-05T07:03:33","date_gmt":"2026-01-05T07:03:33","guid":{"rendered":"https:\/\/sib.co.ke\/reports\/?p=11984"},"modified":"2026-01-05T07:03:34","modified_gmt":"2026-01-05T07:03:34","slug":"weekly-fixed-income-report-05-jan-2026","status":"publish","type":"post","link":"https:\/\/sib.co.ke\/reports\/weekly-fixed-income-report-05-jan-2026\/","title":{"rendered":"WEEKLY FIXED INCOME REPORT | 05 Jan 2026"},"content":{"rendered":"\n
SIB Fixed Income Weekly Report 05 Jan 2026<\/a>Download<\/a><\/div>\n\n\n\n

Money Market Statistics<\/h4>\n\n\n\n

Liquidity conditions in the market kicked off the year on a steady note, with the Kenya Shilling Overnight Interbank Average (KESONIA) largely stable at 8.99% (-0.55bps w\/w). Interbank lending eased during the week, with the average traded volumes trending lower by 7.9% w\/w to KES 9.4bn, from KES 10.2bn in the prior week. The reduction was mirrored in lower transaction counts (-26.3% w\/w to 14). Notably, some players opted to utilize the discount window, with an average borrowing of KES 2.0bn. Find a summary below:<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

The average interbank rate tapered to an average of 9.9% in 2025, down c. 310.2bps from an average of 13.0%\u00a0in 2024, as market players priced in CBK rate cuts through the year, further supported by continued CBK policy\u00a0reforms. In addition, average interbank volumes inched lower to an average of KES 13.8bn, down c.48.2% y\/y\u00a0from an average of KES 26.7bn.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

The weighted average interbank rate (KESONIA) continues to closely track the Central Bank Rate (CBR), underscoring the stability and effectiveness of the monetary policy framework:<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n
Read Full Report<\/h5>\n\n\n\n
SIB Fixed Income Weekly Report 05 Jan 2026<\/a>Download<\/a><\/div>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Money Market Statistics Liquidity conditions in the market kicked off the year on a steady note, with the Kenya Shilling Overnight Interbank Average (KESONIA) largely stable at 8.99% (-0.55bps w\/w). Interbank lending eased during the week, with the average traded volumes trending lower by 7.9% w\/w to KES 9.4bn, from KES 10.2bn in the prior…<\/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":[155,165,184,98,81,82],"class_list":["post-11984","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fixed-income-reports","category-weekly-reports","tag-cbk","tag-currency-performance","tag-inflation","tag-kenyan-eurobonds","tag-t-bills","tag-t-bonds"],"yoast_head":"\nWEEKLY FIXED INCOME REPORT | 05 Jan 2026 - Standard Investment Bank<\/title>\n<meta name=\"description\" content=\"CBK seeks KES 60.0bn via 2 re-opened bonds while offering KES 20.0bn voluntary bond. 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