Investors Heavily Shun 182, 364-day T-Bills Even as Shilling Holds Steady

Investors opted for short-term Treasury Bills which saw 91-day paper oversubscribed by 588.9% in the latest auction results.

The Central Bank of Kenya (CBK) results show the 91-day paper attracted Ksh.23.5 billion against Ksh.4 billion auctioned.

The 182 and 364 days Bills were heavily shunned, maintaining a trend that has persisted since January, despite interest rates edging upwards.

Both securities attracted low subscriptions at the auction, performing at 37.9%% and 22.6% respectively.

Against the total Ksh.24 billion offered, the Treasury managed to tap Ksh.29.6 billion worth of Bills, translating to an oversubscription rate of 123.39%.

The Kenya Shilling, However, stabilised against the US Dollar at 149.84 units, representing a 0.04% gain from 149.90 units a day prior.

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Lawrence Baraza

Lawrence Baraza is a dynamic journalist currently overseeing content at Metropol TV Digital. With a keen focus on business news and analytics, Lawrence guides the platform in delivering insightful, data-driven content that empowers its audience to make informed decisions. Lawrence’s commitment to quality and his ability to anticipate market trends make him a key figure in the digital media landscape. His work continues to shape the way business news is consumed, making a significant impact in the field.

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