Yields on Kenya’s short-term T-bills rise at weekly auction

Yields on Kenya’s short-term Treasury bills, 182-day, 364-day T-bills and 91-day were oversubscribed at the weekly Thursday auction.

The T-bills were oversubscribed at 106.1 percent up from 69.7 percent last week.

Yields on the 91 and 364-day papers remained unchanged at 8.0 percent and 11.0 percent, respectively, while the yield on the 182-day paper rose to 10.5 percent from 10.4 percent last week.

In the auction, the Central Bank sold Ksh 6.85 Billion worth of the 91- Day T-Bills againsts a target of Ksh 4 Billion, Ksh 5.34 Billion worth of 182 Day T-Bills against a target of Ksh 10 Billion and Ksh 11.67 Billion worth of 364 Day T-Bills against a target of 10 Billion.