Yields on Kenya’s  short-term Treasury bills rise at weekly auction

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Yields on Kenya’s  short-term Treasury bills, 182-day, 364-day T-bills and 91-day rose at the Thursday auction.

The results of the T-bill auction came in with Ksh 9.72 Billion bids received.

The yields for the 91, 182 and 364-day papers came in at 8.196 percent, 10.324 percent, and 10.889 percent compared to 8.202 percent, 10.321 percent  and 10.894 percent the previous week, respectively, with the 364-day paper experiencing a significant increase in subscription during the week.

In the auction, the Central Bank sold Ksh1.47 Billion worth of the 91- Day T-Bills againsts a target of Ksh 4 Billion, Ksh 4.45 Billion worth  of 182 Day T-Bills against a target of Ksh 10 Billion and Ksh 3.16 Billion worth of 364 Day T-Bills against a target of 10 Billion.

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David Indeje

David Indeje is a writer and editor, with interests on how technology is changing journalism, government and society. He has been practicing Journalism since 2008. Environment, Agriculture Business, Health and Gender Development stories are his passion.David can be reached on: (020) 528 0222 or Email: [email protected]