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The Central Bank of Kenya (CBK) accepted bids worth KSh 22.4 billion at the weekly treasury bills auction out of KSh 24 billion on offer, a performance rate of 93.47%. This is despite the CBK raising the interest rates paid to investors at the auction
The Central Bank of Kenya (CBK) accepted bids worth KSh 22.4 billion at the weekly treasury bills auction out of KSh 24 billion on offer, a performance rate of 93.47%. This is despite the CBK raising the interest rates paid to investors at the auction.
The short-term 91-day treasury bills continued to be the most attractive, with the state fiscal agent receiving bids worth KSh 14.1 billion out of KSh 4 billion on offer with a total of bids worth KSh 13.8 billion being accepted. The least attractive debt instrument was the 6 months treasury bills which received bids worth KSh 3.6 billion out of KSh 10 billion on offer, with the monetary authority accepting KSh 3.3 billion at this auction.
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The 364-day treasury bills received bids worth KSh 4.8 billion out of KSh 10 billion on offer, a performance rate of 47.75%, with the CBK accepting bids worth KSh 2.8 billion. Investors were offered 16.7%, 16.9%, and 16.98% for the 91-day, 182-day, and 364-day treasury bills respectively at this auction, an increase of 0.03%, 0.42%, and 0.004% for these instruments at the previous auction.
