Tis the most wonderful time of the year. Merry Christmas to you and yours!
It was not a very merry time for the CBK at the T-bill auction as they only managed to lock in KES 6.375Bn, well short of their KES 24Bn target. This was however expected as the CBK had to inject KES 52.034Bn via 7-day reverse repos during Wednesday’s trading session to offer support to majority of banks who lacked liquidity. Attached are the results of the T-bill auction for your perusal.
Before we break off for the Christmas weekend, below is a snapshot of the secondary bond space and what is available for your consideration. Happy hunting, and again, Merry Christmas.