91 Day T-Bill
Kenya’s 91-day Treasury bills slipped to 7.045% at an auction on Thursday compared to the previous week’s 7.059%.
The bank offered bills worth a total KES 4 Billion and received bids worth KES 3.39 Billion. It accepted all the bids. This represents a 15.25% under-subscription.
182 & 364 Day T-Bill
The weighted average yield on Kenya’s 182-day Treasury bill climbed to 9.393% at Wednesday’s auction from 9.239% the previous week.
The yield on the 364-day Treasury bill, slipped further to 10.676% compared to 10.737% from the previous week.
Central Bank of Kenya offered bills worth a total of KES 12 Billion, it received bids worth KES 2.53 Billion. This represents a 78.9% under-subscription. This might be attributed due to the jitters and waves sent through the financial markets under the post-brexit fever which we begun the week with.
Source: (Reuters, Kenyan Wall Street, Central Bank of Kenya)
