The Central Bank of Kenya yesterday auctioned 91 day and 182 day Treasury bills worth KES 7 billion. The 91 day T-bill received a subscription of 67% representing bids worth KES 2.7 billion while the 182 day T-bill received bids worth KES 5.3 billion representing a subscription of 177%. The CBK accepted bids worth the entire KES 2.7 billion for the 91 day T-bill and bids worth KES 4.16 for the 182 day T-Bill.

The weighted average yield on the 91 day T-bill dropped 0.148% to 15.930% as compared to 16.078% at the previous auction. The yield on the 182 day T-bill also dropped but by a smaller margin to 16.638%, 0.099% lower than last week’s yield of 16.737%.

This means that investors will receive KES 100 for every KES 96.180 invested in the 91 day T-bill upon maturity and KES 100 for every KES 92.339 invested in the 182 day T-bill.

Next week the CBK expects to auction 91 day and 182 day T-bills worth KES 4 billion.