Yields on Kenya’s short-term Treasury bills rise at weekly auction
By David Indeje / August 4, 2017
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.