Kenya’s Treasury bills oversubscribed as demand remains high

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.”