Kenya’s Treasury bills oversubscribed as demand remains high
By David Indeje / September 8, 2017
Kenya’s short term treasury bills were oversubscribed at 153.5 percent on Thursday compared to last week’s subscription of 136.1 percent.
The yield on 91-day, 182-day and 364-day remained unchanged at 8.130 percent, 10.313 percent and 10.920 percent, respectively.
The Central Bank on 91-day, 182-day and 364-day received Ksh 3.996 Billion, Ksh 20.797 billion and Ksh 9.626 Billion respectively.
According to Cytonn Investment, “The 91-day T-bill is currently trading below its 5-year average of 9.3 percent. The lower yield on the 91-day paper is mainly attributed to the low interest rates environment we have been experiencing, and we expect this to continue in the short-term.”