Kenya’s Treasury bills oversubscribed as demand remains high

By David Indeje / September 8, 2017

money-investing-finance-markets

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.”



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David Indeje is a writer and editor, with interests on how technology is changing journalism, government, Health, and Gender Development stories are his passion. Follow on Twitter @David_Indeje David can be reached on: (020) 528 0222 / Email: [email protected]

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