The yield on Kenya’s 364-day Treasury bill fell down at an auction on Wednesday to 10.734 percent compared to 10.844 percent in the previous week. During the same auction, the yield on the six-month bill also slipped to 9.545 percent from 9.648 percent last week.
The Central bank managed raised 10.94 billion shillings ($108.10 million) from the bills, falling short of its target of KES 12 Billion.
The weighted average interest rate of accepted bids of Kenya’s two-year Treasury bond fell further down at auction on Wednesday to 11.508 percent from 12.020 percent at the previous sale.
The yield on the 15-year bond at the same auction also fell to 14.335 percent from 14.979 percent at the last auction in March.
The Central bank sold 30.62 billion shillings ($302.57 million) with the two bonds, having received bids worth a total of 50.80 billion shillings.
Source: (Reuters, Kenyan Wall Street, Central Bank of Kenya)