Yesterday the weighted average yields fell for all securities on auction at Kenya’s Treasury bill auction with investors favouring bills with longer maturity periods.
Yields on the benchmark 91-day Treasury bill were 16.340%, 0.388% lower than last week’s yields of 16.728%. The central bank accepted bids worth Kshs. 1.77 billion having offered Kshs. 4 billion.
The 182-day Treasury bill fetched an average yield of 16.960% compared with 17.660% at the last sale, representing a fall of 0.7%. The bank accepted bids worth Kshs. 2.43 billion of the Kshs. 4.19 billion received. The bank had offered 6 month bills worth Kshs. 3 billion shillings. The 182-day Treasury bill had a subscription rate of 44%.
The 364-day Treasury bill recorded a 207% subscription rate, attracting bids worth Kshs. 6.20 billion for the Kshs. 3 billion that was on offer. The bank accepted bids worth Kshs. 3.66 billion at a weighted average yield of 16.915% down from 17.035% at the last sale.