91 Day T-Bills
In this week’s auction, the weighted average yield on the 91-day Treasury bills went up to 7.919% on Thursday from 7.649% recorded in the previous week. Bids received were worth a total of KES 2.81 Billion for the KES 4 Billion on offer. The Central Bank of Kenya accepted all of them.
182 & 364 Day T-Bills
The 182 day paper had a weighted average yield of 10.205 percent on Wednesday’s auction representing a 29.1 basis point increase from the previous week’s 9.914 percent.
The 364-day Treasury bills yields also rose by 15.8 Bps to 11.027 percent compared to 10.869 percent last week.
The Central Bank of Kenya received bids worth a total KES 17.18 Billion for the KES 12 Billion on offer. It accepted bids worth KES 17.06 Billion.
5 Year & 20 Year Treasury Bonds
The five-year Treasury bond yield edged down slightly to 14.069 percent compared to 14.334 percent in its previous sale in April.
On the longer term paper the yield on the 20-year Treasury bond rose 121.2 basis points to 14.836 percent compared to 13.624 percent in January 2015’s sale.
Bids received for both papers were worth a total of KES 40.88 Billion for the KES 30 Billion on offer. The Central Bank accepted KES 33.50 Billion bids.
The Central Bank will offer Treasury bills of all maturities worth a total KES 16 Billion shillings in two auctions next week.
Sources: (Kenyan WallStreet, Reuters, Central Bank of Kenya)
