Based on market analysis for the past week, Treasury Bills were oversubscribed, with the overall subscription rate at 110.7%, up from 37.5%.
Investors’ preference for the shorter 91-day paper persisted as they sought to avoid duration risk, with the paper receiving bids worth Ksh.19.3 billion against
The Treasury Bills (T-Bills) remained undersubscribed when the overall subscription rate declined to 113.4%, from the 170.8% recorded the previous week.
The lower subscription is partly attributable to tightened liquidity in the money market with the average interbank rate increasing to 4.8% from 4.4% recorded the
During the third quarter of 2021, T-bills were undersubscribed, with the overall subscription rate coming in at 87.8 percent, down from 115.3 percent recorded in the second quarter of2021, as investors shifted their interest to the bond market in search of higher yields.
The subscription rate