This archive report was first published on 18 May 2020.
On May 18, 2020, the Central Bank of Kenya (CBK) reported a significant uptake of Treasury bills, with investors showing renewed interest in short-term government securities.
The CBK data showed that investors bid Sh24.09 billion against the advertised Sh24 billion, representing a 100.37 percent performance.
The 91-day T-bill was oversubscribed, with investors also showing a preference for the one-year note, bidding Sh7.67 billion and Sh11.93 billion against targeted Sh4 billion and Sh10 billion respectively.
The CBK accepted bids worth Sh23.98 billion.
The yields on the Treasury bills have been rising marginally from previous auctions, reaching 7.266 percent, 8.192 percent, and 9.173 billion for the 91-, 182-, and 364-day notes.
The government has been increasing its debt bids to finance fiscal stimulus measures undertaken to cushion the country from the Covid-19 pandemic amid falling tax collections.
