Investors poured US$1.4bn into Kenya's 91-day Treasury bills in 10 weeks, betting on higher rates and leaving the Treasury a mid-August debt headache.
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AFRICA · EASTERN
Key Facts
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The T-bill auctions have been skewed towards the 91-day paper since mid-May, as investors avoid locking in their money for long…
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.
Returns on the shortest-dated government securities have risen since the start of April, mirroring the reversal in interest rates.
CBK has targeted Sh28 billion in each of its last two weekly T-bill auctions, with a higher quantum placed on the shortest dated…
Kenya's banks are pushing for higher interest rates as oil-driven inflation resurfaces, while the Africa Finance Corporation has…
