@BusinessDaily

December T-bill uptake falls slightly from Nov

10 months ago, 2 Jan 16:46

By: James Ngunjiri

Treasury bills overall subscription slightly dropped in December to an average of 79.71 per cent from 80.01 per cent recorded in November. The Treasury accepted Sh66.26 billion of the Sh76.5 billion bids received in four auctions, against a target of Sh96 billion. The average subscription rate for the 91, 182, and 364-day papers came in at 78.77 per cent, 77.87 per cent and 81.92 per cent respectively. The average yields for the 91, 182, and 364-day papers stood at 8.024 per cent, 10.570 per cent and 11.110 per cent respectively. The Central Bank of Kenya (CBK) in its last weekly statistical bulletins indicated that liquidity had improved in the money market due to increased government payments and net redemption of securities. Last week, as local investor activities remained subdued due to holiday mood expected to fizzle out this week, Treasury bills subscription still disappointed with overall subscription coming in at 80.83 per cent, compared to 84.8 per cent the previous week. “Yields for the 91, 182, and 364-day papers were at 8.080 per cent, 10.649 per cent and 11.151 per cent respectively, compared to 8.005 per cent, 10.583 per cent and 11.128 per cent recorded in the previous week,” the CBK indicated. CBK received bids worth Sh5.20 billion against a target of Sh4 billion for the 91-day tenor, representing a 130.20 per cent performance rate.
Read More


Category: business news corporate lifestyle economy opinion markets

Suggested

Now
@BusinessDaily - By: Galgallo Fayo
Landlord now kicks Uchumi out of Nairobi headquarters

Retail chain files contempt suit against KNTC boss, seeks orders for access to premises after two weeks of lockout ...

Category: business lifestyle news
36 minutes
@CapitalFMNews - By: Margaret Njugunah
Kenya’s mortgage rate 6 times more than rent compared to S.Africa’s 1:1 ratio

NAIROBI, Kenya, Oct 19 - Kenya’s mortgage cost is six times higher than paying rent compared to South Africa where the ratio is one to one, making it one Kenya breaking news | Kenya news today | ...

Category: business
10 hours ago, 00:00
@StandardMedia - By: Mercy Kahenda
Adoption of Technology boost revenue, service delivery in PGH

The Rift Valley Provincial General Hospital has collected Sh120 million in revenue thanks to new system adopted in March. ...

Category: topnews news business
19 hours ago, 15:00
@BusinessDaily - By: Bill Odidi
New Kenyan Bands Take a Go at Jazz Festival

Guitarist Kato Change and the Ad Hoc Band are sharing the stage with five-time American Grammy Award winner Diane Reeves ...

Category: business lifestyle news
19 hours ago, 14:50
@BusinessDaily - By: Margaretta Wa Gac ...
‘Weaponising’ Art with Brush Strokes of Truth

Renowned artist Peter Ngugi depicts real life of Kenyans ...

Category: business lifestyle news
10 hours ago, 00:00
@StandardMedia - By: Jean Ruhiu
We can't sell maize flour at Sh75: Millers

Millers have asked the Government to reduce the cost of maize from its silos to enable sale of flour at a cheaper price. ...

Category: business news

@BusinessDaily

December T-bill uptake falls slightly from Nov

10 months ago, 2 Jan 16:46

By: James Ngunjiri
Treasury bills overall subscription slightly dropped in December to an average of 79.71 per cent from 80.01 per cent recorded in November. The Treasury accepted Sh66.26 billion of the Sh76.5 billion bids received in four auctions, against a target of Sh96 billion. The average subscription rate for the 91, 182, and 364-day papers came in at 78.77 per cent, 77.87 per cent and 81.92 per cent respectively. The average yields for the 91, 182, and 364-day papers stood at 8.024 per cent, 10.570 per cent and 11.110 per cent respectively. The Central Bank of Kenya (CBK) in its last weekly statistical bulletins indicated that liquidity had improved in the money market due to increased government payments and net redemption of securities. Last week, as local investor activities remained subdued due to holiday mood expected to fizzle out this week, Treasury bills subscription still disappointed with overall subscription coming in at 80.83 per cent, compared to 84.8 per cent the previous week. “Yields for the 91, 182, and 364-day papers were at 8.080 per cent, 10.649 per cent and 11.151 per cent respectively, compared to 8.005 per cent, 10.583 per cent and 11.128 per cent recorded in the previous week,” the CBK indicated. CBK received bids worth Sh5.20 billion against a target of Sh4 billion for the 91-day tenor, representing a 130.20 per cent performance rate.
Read More

Category: business news corporate lifestyle economy opinion markets

Suggested

Now
@BusinessDaily - By: Galgallo Fayo
Landlord now kicks Uchumi out of Nairobi headquarters

Retail chain files contempt suit against KNTC boss, seeks orders for access to premises after two weeks of lockout ...

Category: business lifestyle news
36 minutes
@CapitalFMNews - By: Margaret Njugunah
Kenya’s mortgage rate 6 times more than rent compared to S.Africa’s 1:1 ratio

NAIROBI, Kenya, Oct 19 - Kenya’s mortgage cost is six times higher than paying rent compared to South Africa where the ratio is one to one, making it one Kenya breaking news | Kenya news today | ...

Category: business
10 hours ago, 00:00
@StandardMedia - By: Mercy Kahenda
Adoption of Technology boost revenue, service delivery in PGH

The Rift Valley Provincial General Hospital has collected Sh120 million in revenue thanks to new system adopted in March. ...

Category: topnews news business
19 hours ago, 15:00
@BusinessDaily - By: Bill Odidi
New Kenyan Bands Take a Go at Jazz Festival

Guitarist Kato Change and the Ad Hoc Band are sharing the stage with five-time American Grammy Award winner Diane Reeves ...

Category: business lifestyle news
19 hours ago, 14:50
@BusinessDaily - By: Margaretta Wa Gac ...
‘Weaponising’ Art with Brush Strokes of Truth

Renowned artist Peter Ngugi depicts real life of Kenyans ...

Category: business lifestyle news
10 hours ago, 00:00
@StandardMedia - By: Jean Ruhiu
We can't sell maize flour at Sh75: Millers

Millers have asked the Government to reduce the cost of maize from its silos to enable sale of flour at a cheaper price. ...

Category: business news
Our App