Interest rates mixed in Kenya’s weekly auction of Treasury bills

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

The yield on 91-day, 182-day and 364-day coming at 8.139 percent, 10.316 percent and 10.922 percent, respectively.

The Central Bank on 91-day, 182-day and 364-day  received  Ksh 2.32 Billion, Ksh  12.52 billion and Ksh 14.89 Billion

“Demand remains high on these tenors (1yrs – 3yrs) on account of improved bank liquidity as end month disbursements filtered into the system,” according to Genghis Analysts.

Last week, the treasury bills were under-subscribed at 94.7 percent.

The CBK mopped up excess liquidity in Thursday’s session, taking out Ksh 10Bn at 7.6 percent.

The Central bank’s re-opened 5 year TAP sale raised up Ksh 13Bn in bids ‘which was a good performance.’