[quote=snipermnoma]MPC maintains retain the CBR at 11.50% let's see what happens to 91 day bill tomorrow. Though it will probably go down just like 182 and 364 rates did today.
https://www.centralbank....0dated%2010.08.2015.pdf
Meanwhile shilling is slowly appreciating against dollar (small daily gains each day of this week).
So factoring all this, it points to a slowing down in the slide of NSE20 and could even be a signal to a bottom. @mnandii may just be right that a recovery is on the way!
PS: @mnandii could you respond to the math on post 621?
http://www.wazua.co.ke/f...amp;m=677095#post677095[/quote]
This week the Central Bank of Kenya offered 182 and 364 Days Treasury Bills for a total of Kshs.8 Billion. The total number of bids received was 58
amounting to Kshs.721.12 Million representing 18.03% subscription and 80 bids amounting to Kshs.6.96 Billion representing 173.88% subscription for 182
and 364 days, respectively. Bids accepted amounted to Kshs.212.61 Million for 182 days and Kshs.5.13 Billion for 364 days Treasury Bills. The weighted
average rate of accepted bids, which will be applied for non-competitive bids, was 11.828% for the 182-day and 13.133% for 364-day Treasury Bills.
The 182 day T bill was highly undesubscribed...
possunt quia posse videntur