The T-bill auctions have been skewed towards the 91-day paper since mid-May, as investors avoid locking in their money for long periods.
By
Charles Mwaniki
Business Reporter
Nation Media Group
Investors splashed Sh181.4 billion into three-month Treasury bills over the past 10 weeks, presenting the National Treasury with a cash crunch headache as debt falls due in Mid-August.
Investors poured US$1.4bn into Kenya's 91-day Treasury bills in 10 weeks, betting on higher rates and leaving the Treasury a…
Returns on the shortest-dated government securities have risen since the start of April, mirroring the reversal in interest rates.
The rising returns on government papers are prompting investors to start shifting assets from the Nairobi Securities Exchange…
Short-term government securities yields continued to rise as investors sought compensation for higher inflation.
CBK has targeted Sh28 billion in each of its last two weekly T-bill auctions, with a higher quantum placed on the shortest dated…
The CBK has been issuing discounts to investors in long-term bonds in a move that effectively raises their returns to reflect the…
