Fab Friday – Interest in T-bills bounced back this week on the back of improved liquidity levels and a healthy portion of incoming maturities. The CBK managed to lock in KES 47.813Bn in bids with interest remaining heavily skewed towards the 91D T-bill as investors continue to favour shorter-dated instruments. The 182D T-bill saw the biggest jump in rates as it moved up 88bps to create a hump in the T-bill yield curve as it surpassed the rates of both the 91D and the longer 364D T-bill. Attached are the results in full for your perusal. The interbank rate continued its downward trajectory as captured below. Below is a snapshot of what is at play within the secondary market for your consideration. Happy hunting and enjoy the weekend ahead!
Attached are the bond positions available today, the T-bill auction results and the bond auction prospectus for August 2023.