Fixed Income Command
Monitor supply, demand, curves, auctions, and risk across government and corporate bonds.
Bond market pulse
Daily read on yields, curve posture, auctions, and liquidity so you know where to focus.
Avg govvie yield
3.72%
+4 bps vs 5d
Curve posture
Bull steepening
2s10s +7 bps
Auction demand
2.6x bid-to-cover
+0.2x vs prior
Liquidity pulse
$180M top-of-book
-6% intraday
Curve snapshot
Key tenors, moves, and roll-down for hedging.
Roll: 0.5 bp/d
Roll: 0.5 bp/d
Roll: 0.5 bp/d
Roll: 0.5 bp/d
Supply radar
Upcoming auctions and primary prints.
UST 10Y reopening
Jan 09 | $38B
Kenya T-Bond 5Y
Jan 17 | KES 35B
EU Green 7Y
Jan 22 | EUR 6B
Credit ladder
Spread and liquidity tiers to watch.
Kenya 2031
Liquidity: Tier 2
Safaricom 2029
Liquidity: Tier 1
Eurobond 2035
Liquidity: Tier 2
Liquidity signals
Depth, axes, and basis shifts.
Top-of-book depth
$182M+12% vs 20d avg
Active axes
48Mix: 60% bids / 40% offers
Cross-currency basis
-18 bpsTighter by 2 bps
Desk focus
Playbook items to align the team.
Prioritize belly auctions; keep DV01 flat into supply.
Run roll-down between 5-10Y while funding rates stay anchored.
Watch spread drift in BB names with fading dealer depth.

