The Central Bank of Kenya (CBK) accepted bids worth KSh 22.4 billion at the weekly treasury bills auction out of KSh 24 billion on offer, a performance rate of 93.47%. This is despite the CBK raising the interest rates paid to investors at the auction.
The short-term 91-day treasury bills continued to be the most attractive, with the state fiscal agent receiving bids worth KSh 14.1 billion out of KSh 4 billion on offer with a total of bids worth KSh 13.8 billion being accepted.
The least attractive debt instrument was the 6 months treasury bills which received bids worth KSh 3.6 billion out of KSh 10 billion on offer, with the monetary authority accepting KSh 3.3 billion at this auction.
The 364-day treasury bills received bids worth KSh 4.8 billion out of KSh 10 billion on offer, a performance rate of 47.75%, with the CBK accepting bids worth KSh 2.8 billion.
Investors were offered 16.7%, 16.9%, and 16.98% for the 91-day, 182-day, and 364-day treasury bills respectively at this auction, an increase of 0.03%, 0.42%, and 0.004% for these instruments at the previous auction.
ALSO READ:
