The weighted average yield on Kenya’s 182-day and 364-day Treasury bills slipped at auction on Wednesday, the central bank said.
The yield on the 182-day bill slid to 10.092 percent from 10.203 percent last week and the yield on the 364-day bill dropped to 11.934 percent from 12.086 the previous week. Yields on both tenors were above 21 percent in late October.
On the 91-day bill, the yield slipped to 9.210 percent from 9.578 percent. Yields on all the tenors rose above 22 percent in late October.
The central bank will offer 91-day, 182-day and 364-day bills next week worth a total 16 billion shillings
The central bank offered bills worth 12 billion shillings, and received bids worth 1.6 billion shillings. It accepted all the bids. The central bank will offer 91-day, 182-day and 364-day bills next week worth a total 16 billion shillings.
The weighted average yield of successful bids on Kenya’s five-year Treasury infrastructure bond was 13.920 percent, down from 14.273 percent at the last auction in July, the central bank said.
The central bank, on behalf of the government, offered bonds worth 20 billion shillings ($196.1 million) and received bids worth 33 billion shillings. It accepted bids worth 30.7 billion shillings.
SOURCE; Reuters
