Hi there Weekend
Heavy maturities made for an oversubscribed T-bill auction as a total of KES 51.120Bn in bids was received by the Central Bank, who accepted KES 48.757Bn. No changes in the bidding behavior as the maturities continue to determine demand, interest remains heavily skewed to the 91D T-bill and the market continues to push for higher yields as the 17% mark draws ever closer. Attached are the results in full for your perusal. Below is a snapshot of what is at play within the secondary market for your consideration. Next week, we tackle the upcoming IFB1/2024/8.5Yr bond auction. Happy hunting and weekending ahead!