Interbank
market yesterday saw a quick rise in rates as a result of month end outflows
for tax payments. The highest traded rate increased to 14 per cent from the
previous high at 12 per cent.
On
the hand shilling continued trading flat yesterday against the U.S. dollar as
demand was well matched by supply both in the corporate and interbank markets.
“Today
a similar trend is expected with low to moderate level of volatility,” Standard
Chartered Bank said
There
were some offers on the secondary market for T-bills while demand for bonds was
seen for the 5 and 7 years.
Source:
Standard Chartered Bank
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