Market Report
91-Day T-Bills
The weighted average yield on Kenya’s 91-day Treasury bills fell to 8.332 percent at auction on Thursday from 8.526 percent last week, the central bank said.
The bank said it received bids worth 15.98 billion Kenyan shillings ($159.24 million)for the 4 billion shillings of bills offered. It accepted 6.61 billion shillings.
182 Day & 364 Day T-Bills
The weighted average yield on Kenya’s 364-day Treasury bills edged down to 11.723 percent at an auction on Wednesday from 11.745 percent last week, the central bank said.
The yield on the 182-day Treasury bill also on sale declined to 10.366 percent from 10.453 percent.
The bank said in a statement it had received bids worth 14.99 billion Kenyan shillings ($149.01 million)for the two bills. It had offered bills worth 12.00 billion shillings and accepted bids worth 14.98 billion shillings.
The bank said it would offer 91-day, 182-day and 364-day Treasury bills worth 16 billion shillings next week
MPC Meeting Date
Central Bank of Kenya Monetary Policy Committee Meeting (MPC) is scheduled for Monday 23rd May, 2016.
The Bank held its benchmark interest rate unchanged at 11.5 percent for the sixth time in a row during its March 21st 2016 meeting, saying current monetary policy had helped to moderate inflation expectations.
Source; Central Bank Of Kenya, Reuters, Kenya Wallstreet
Read; CBK retains CBR at 11.5% For the Sixth Time In a Row
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