Make It Rain Friday
The market has flexed its liquidity muscle as KES 41Bn in bids were submitted for this week’s T-bills against CBK’s KES 24Bn target. Bids were skewed towards the shorter dated bills with the CBK accepting KES 30Bn of the total bids received. Attached are the results in full for your perusal.
The CBK has surprisingly, at least to me, made no pronouncement on the Tap Sale of the IFB1/2022/14Yr so it therefore remains open. Competing with this Tap Sale is the secondary market, and below is a snapshot of what is at play for your consideration. Happy hunting and tapping this weekend!