The auctioning of five-year Treasury bond on Wednesday remains
to be seen well received if the positive sentiment continues along the curve,
market analyst has said.
The prediction is based on the fact that overnight rates moved
down and the liquidity increases to shift some interest return to the bond
markets.
“Most trading books will be targeting the five year to add on
some risk. Expected cut off 13.75 per cent,” Standard Chartered Bank said on
its daily market report.
The interest shifts to the debt market, the shilling traded
flat against the U.S. dollar on Monday as demand was well matched by supply in
the interbank market.
“Today (Tuesday) we expect a similar trend with low level of
volatility,” the bank said.
The shilling trades between 1589.00 and 1598.86 in the last
one week.
Source: tzexchange.blogspot.com
0 comments :
Post a Comment