The weighted average yield on the 91-day Treasury bills rose to 8.561 percent this week from 8.484 percent at last week’s auction. CBK had offered bills worth KES 4.00BN and received bids worth KES 3.690 BN and 92.19 percent subsciption. Bids worth KES 3.690 BN were accepted.
The weighted average yield on Kenya’s 182-day Treasury bill dropped to 10.493 percent this week from 10.560 percent at last week’s auction. CBK had offered bills worth KES 6.00 BN and received bids worth KES 15.84 BN, at 264.08 percent subscription rate. Bids worth KES 11.270 BN were accepted. The weighted average yield on Kenya’s 364-day Treasury bill dropped to 11.024 percent this week from 11.053 percent at last week’s auction.
CBK had offered bills worth KES 6.0BN and received bids worth KES 2.12 BN, at 35.27 percent subscription rate. Bids worth KES 1.950 BN were accepted. The Central Bank said that next week it would offer KES 16 BN worth of 91, 182 and 364 day Treasury bills.
Fixed Income Weekly Brief
Source : CBK
The Kenyan shilling was stable against the dollar on Thursday in spite of demand from retail importers buying dollars to stock shelves for the festive shopping period. At close of trading the shilling was quoted at 102.20/50 to the dollar, the same as Wednesday’s close but weaker than last week’s close of 102.10/102.30.
The dollar declined against a basket of currencies on Thursday, pulling further away from the 14-year high it set earlier this week as traders booked profits and brushed off mostly upbeat U.S. economic data. The government said new orders for U.S. capital goods rose more than forecast in November and that the economy grew faster in the third quarter than it had estimated. Jobless claims, however, rose to their highest since June. EUR/USD was up 0.51% at 1.0480, off Tuesday’s fresh 14-year low of 1.0349 while GBP/USD slipped 0.21% to 1.2327, still close to Tuesday’s one-month low of 1.2310.
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