Yesterday the Central Bank of Kenya (CBK) auctioned 182 day bills worth KES 2 billion. The bank received bids worth KES 1.17 billion representing a subscription of 59%. The bank accepted all bids received.

The yield on the 182 day bills now stands at 10.857% up from 10.737% at the last auction. The results of yesterday’s auction are summarised below:

Today the CBK will auction 81 day Treasury bills worth KES 2 billion. We will be keen to observe whether the low subscription and marginally higher yield trend will continue.