Author: Muindi

Experience working on communication and marketing departments and in the broadcast industry. Interested in sustainable development and international relations issues.

Investors are likely to shun auctions, with demand primarily remaining volatile for the remainder of 2022. According to Analysts from NCBA Research, this is reflective of liquidity conditions in the market. “Certainly, less pronounced government inflows in lieu of payments has greatly distorted interbank cash conditions,” they note in their NCBA Weekly Fixed Income Report – 24th October 2022. “As a result, the overnight rate has largely remained sticky above 5.00% this October. Meanwhile, the central bank has maintained its support of cash-strapped players via weekly reverse repos.” Demand primarily focuses on short-dated securities against expectations of higher interest rates…

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