Stock Watch

Kenya’s Short-term Treasury Bills under-subscribed by 94.7pc

BY David Indeje · August 26, 2017 08:08 am

Kenya’s short term treasury bills were under-subscribed at 94.7 percent on Thursday compared to last week’s oversubscription of 144.8 percent.

The yield on 91-day, 182-day and 364-day coming at 8.1 percent, 10.3 percent and 10.9 percent, respectively.

The Central Bank on 91-day, 182-day and 364-day received Ksh 4.20 Billion, Ksh 5.98 billion and Ksh 12.08 Billion respectively.

The National Treasury was looking to raise Ksh 24Bn but only received Ksh 22Bn.

“We may see slight tightening in the early part of next week as we expect Ksh 40Bn to be pulled out against maturities of Ksh 27Bn,” according to Genghis Analysts.

About David Indeje

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: info@sokodirectory.com

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