The Central Bank of Kenya (CBK) accepted bids worth KSh 22.9 billion at the weekly treasury bills auction out of KSh 24 billion offered and KSh 23.9 billion worth of bids received, a performance rate of 99.5%/.
- The most attractive Government paper remains the 91-day treasury bills which received bids worth KSh 12.3 billion out of KSh 4 billion offered.
- This was a performance rate of 306.5% with the CBK accepting KSh 12.2billion and offering investors a return of 16.6%.
- The least attractive instrument was the 182-day treasury bills which received bids worth KSh 2.03 billion out of KSh 10 billion offered while KSh 1.95 billion was accepted at the auction.
The one-year treasury bills received bids worth KSh 9.6 billion out of KSh 10 billion offered with the CBK accepting KSh 8.7 billion, a performance rate of 95.8%.
CBK rates offered to bidders
The CBK offered bidders a return of 16.6%, 16.8% and 16.97% for the 91-day, 182-day and 364-day treasury bills at this auction.
The Kenya Shilling remained stable against major international and regional currencies during the week ending February 29. It exchanged at KSh 143.59 per US dollar on February 29, compared to KSh 144.15 per US dollar on February 22.
- At the Nairobi Securities Exchange, the NASI declined by 0.2 percent, while NSE 25 and NSE 20 share price indices increased by 0.6 percent and 0.3 percent, respectively, during the week ending February 29.
- Market capitalization declined by 0.2 percent while equity turnover and total shares traded increased by 84.5 percent and 12.9 percent, respectively.
- Concerns about inflation in advanced economies continued to ease in the week ending February 29.
The January, Personal Consumption Expenditures (PCE) Price Index for US declined to 2.4 percent while preliminary inflation data in the Euro Area showed a moderation of inflation in France (3.1 percent) and Spain (2.9 percent), in line with market expectations despite core inflation remaining sticky.
The US dollar index strengthened by 0.19 percent against a basket of major currencies during the week ending February 29.
International oil prices remained stable during the week ending February 29, largely driven by advanced economies better-than-expected economic data outturn. Murban oil prices remained stable at US$ 82.39 per barrel on February 29, compared to US$ 82.76 per barrel on February 22nd 2024.
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