The Central Bank of Kenya(CBK) accepted bids worth KSh 25.4 Billion at the Weekly-T Bills Auction of July 1st, 2021, against KSh 31.4 Billion received from investors, representing a performance of 130.64%.
The most attractive instrument at the Government Securities Market was the 91 days Treasury Bills which received bids worth KSh 10.1 Billion out of the KSh 4 billion offered.
The CBK accepted KSh 6.04 Billion.
The 182 days Treasury Bill received bids worth KSh 13.9 billion out of the KSh 10 billion offered, with the state fiscal agent accepting KSh 13.9 billion, a performance rate of 139.5%.
The 364 days Treasury Bills received bids worth KSh 7.3 Billion out of the KSh 10 billion on offer, with the CBK accepting KSh 5.5 Billion, a performance rate of 73.22%.
Interest rates on the Treasury bills declined for the 91-days, 182- days and 364- days paper to 6.728%, 7.228% and 7.661% at this auction from 6.860%, 7.317% and 7.729% at the previous auction.
The bids closure and auction dates for the next T-Bills Auction is 8th July 2021.
A weekly CBK bulletin shows that turnover of bonds traded in the domestic secondary market declined by 38.3 per cent during the week ending July 1. In the international market, yields on Kenya’s Eurobonds increased by an average of 19.0 basis points.
The tap sale of two 20-year Fixed-rate Treasury bonds on June 30 that were reopened during the June 16 auction received bids totalling KSh 38.5 billion against an advertised amount of KSh 50.0 billion, representing a performance of 77.0 per cent.