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Decline in T Bill & T Bond Rates
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Kirika
#1 Posted : Thursday, January 19, 2012 4:47:49 PM
Rank: Member

Joined: 1/26/2011
Posts: 211
Location: Nairobi
With the Garment keen to source a syndicate loan of upto $ 600M overseas to plug a yawning deficit, the Garment's appetite for Domestic Borrowing will drastically decline.

Its rather sad that i boarded the T-Bills gravy train at circa 10%, and now at 20% with such impending news...

My only bet is if the financiers can shy away due to the election fever this year,the ICC bombshell and offcourse the deeping Euro zone crisis later on..
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Cde Monomotapa
#2 Posted : Thursday, January 19, 2012 5:02:14 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Wow..yaani we'd rather sacrifice 30M Kenyans just to earn 20% Laughing out loudly Laughing out loudly #capitalism
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cnn
#3 Posted : Thursday, January 19, 2012 5:19:54 PM
Rank: Veteran

Joined: 6/17/2009
Posts: 1,627
Kirika wrote:
With the Garment keen to source a syndicate loan of upto $ 600M overseas to plug a yawning deficit, the Garment's appetite for Domestic Borrowing will drastically decline.

Its rather sad that i boarded the T-Bills gravy train at circa 10%, and now at 20% with such impending news...

My only bet is if the financiers can shy away due to the election fever this year,the ICC bombshell and offcourse the deeping Euro zone crisis later on..

The targeted financiers are local boys,Stanchart,Cfc and Citi...http://af.reuters.com/article/kenyaNews/idAFL6E8CH32X20120117
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Cde Monomotapa
#4 Posted : Thursday, January 19, 2012 5:34:36 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
NB: Local boys representing their international parents (where the finance will come from).
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  | | Edit by user: Thursday, January 19, 2012 5:35 PM | Reason: Not specified
hisah
#5 Posted : Thursday, January 19, 2012 6:36:05 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977


Until this yield curve inverts (i.e. 30yr has higher interest pay than 2yr) forget declines in tbill/tbonds. I don't see the $600M fixing the gok debt gap. The June 2012 budget will be interesting esp the KDF part... Waiting with baited breath...

And when is CBK throwing away those archaic forex controls... FX traders outside KE want to get back to biz bwana...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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  | | Edit by user: Thursday, January 19, 2012 6:37 PM | Reason: Not specified
cnn
#6 Posted : Thursday, January 19, 2012 6:44:32 PM
Rank: Veteran

Joined: 6/17/2009
Posts: 1,627
@hisah,the rate for the 3 month t-bill has dropped today as compared to last week albeit by a small fraction,that could be a pointer to the direction the rates will take.
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chikonde
#7 Posted : Thursday, January 19, 2012 8:35:20 PM
Rank: New-farer

Joined: 1/15/2010
Posts: 81
cnn, what was today's rate? The CBK website has not been updated yet. Thanks.
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Gadaffi
#8 Posted : Thursday, January 19, 2012 10:22:13 PM
Rank: Member

Joined: 2/13/2011
Posts: 284
Location: Nairobi
I applied 4 a cds a/c in dec yet the n.o has not bin generated. Every otha wk i go thea am told 2 check th following wk since th 'systems' had bin down...i think bank is sleepin on th job
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githundi
#9 Posted : Thursday, January 19, 2012 10:35:56 PM
Rank: Veteran

Joined: 11/19/2010
Posts: 1,308
Location: nairobi metropolitan
Gadaffi wrote:
I applied 4 a cds a/c in dec yet the n.o has not bin generated. Every otha wk i go thea am told 2 check th following wk since th 'systems' had bin down...i think bank is sleepin on th job

what is required and how long to get a cbk cdsc a/c.
Democracy does not belong to the dead
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mwekez@ji
#10 Posted : Friday, January 20, 2012 8:38:40 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
chikonde wrote:
cnn, what was today's rate? The CBK website has not been updated yet. Thanks.


It declined by 1bps to 20.769 from 20.799.

Read on africa reuters, then hit country kenya.

lemmi help

http://af.reuters.com/article/k...ws/idAFN6E7N700Y20120119
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