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T-bill advise
Rank: Member Joined: 5/6/2011 Posts: 391 Location: Nairobi
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cnn wrote:Speculz wrote:Can one EFT or RTGS amounts below 1 million for the purchase of T Bills? Yes,i have used RTGS for such. Great , the website mentions bankers cheque or cash only. Thanks for the info. "You can't have everything. Where would you put it?" - Stephen Wright
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Rank: Elder Joined: 2/16/2007 Posts: 2,114
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I am wondering whether competitive bidders can consult and agree not to bid below a certain figure?
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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Chaka wrote:I am wondering whether competitive bidders can consult and agree not to bid below a certain figure? It's a very small market yes they can... 182 day and 1 yr tbill 20.33% and 20.695% respectively possunt quia posse videntur
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Rank: Elder Joined: 2/16/2007 Posts: 2,114
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maka wrote:Chaka wrote:I am wondering whether competitive bidders can consult and agree not to bid below a certain figure? It's a very small market yes they can... 182 day and 1 yr tbill 20.33% and 20.695% respectively 
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Rank: Elder Joined: 7/11/2012 Posts: 5,222
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Speculz wrote:cnn wrote:Speculz wrote:Can one EFT or RTGS amounts below 1 million for the purchase of T Bills? Yes,i have used RTGS for such. Great , the website mentions bankers cheque or cash only. Thanks for the info. Which website?
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Rank: Elder Joined: 2/16/2007 Posts: 2,114
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Could anyone here be having the results of the 91 day TB auction?
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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Chaka wrote:Could anyone here be having the results of the 91 day TB auction? 20.6% pap.... possunt quia posse videntur
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Rank: Elder Joined: 2/16/2007 Posts: 2,114
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Chaka wrote:Could anyone here be having the results of the 91 day TB auction? Have just seen on the CBK site that"the market weighted average rate was 20.950 %, and the weighted average of accepted bids which will be applied for non-competitive bids was 20.637% up from 18.607% in the previous auction."
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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Chaka wrote:Chaka wrote:Could anyone here be having the results of the 91 day TB auction? Have just seen on the CBK site that"the market weighted average rate was 20.950 %, and the weighted average of accepted bids which will be applied for non-competitive bids was 20.637% up from 18.607% in the previous auction." Crazy times we are in...Lucky are they who hold cash they get to dictate terms... possunt quia posse videntur
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Rank: Elder Joined: 6/23/2009 Posts: 13,499 Location: nairobi
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maka wrote:Chaka wrote:Chaka wrote:Could anyone here be having the results of the 91 day TB auction? Have just seen on the CBK site that"the market weighted average rate was 20.950 %, and the weighted average of accepted bids which will be applied for non-competitive bids was 20.637% up from 18.607% in the previous auction." Crazy times we are in...Lucky are they who hold cash they get to dictate terms... For 25m and above you can get 21% from some banks
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Member Joined: 3/23/2011 Posts: 304
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Subscription for the 91 day t-bill was 217% the flow of hot money coming into the money markets is starting to pick up pace....could be an added reason why the USD/KSH broke the 105 support level. Its also interesting to note that the yield of the 10y bond is just under 15% You dont have to be great to START but you have to start to be GREAT!!!!!!!!
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Rank: Elder Joined: 3/2/2009 Posts: 26,328 Location: Masada
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maka wrote:Chaka wrote:Chaka wrote:Could anyone here be having the results of the 91 day TB auction? Have just seen on the CBK site that"the market weighted average rate was 20.950 %, and the weighted average of accepted bids which will be applied for non-competitive bids was 20.637% up from 18.607% in the previous auction." Crazy times we are in...Lucky are they who hold cash they get to dictate terms...  You can repeat that. Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Elder Joined: 7/11/2012 Posts: 5,222
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obiero wrote:maka wrote:Chaka wrote:Chaka wrote:Could anyone here be having the results of the 91 day TB auction? Have just seen on the CBK site that"the market weighted average rate was 20.950 %, and the weighted average of accepted bids which will be applied for non-competitive bids was 20.637% up from 18.607% in the previous auction." Crazy times we are in...Lucky are they who hold cash they get to dictate terms... For 25m and above you can get 21% from some banks Do tell, which banks?
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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Mukiri wrote:obiero wrote:maka wrote:Chaka wrote:Chaka wrote:Could anyone here be having the results of the 91 day TB auction? Have just seen on the CBK site that"the market weighted average rate was 20.950 %, and the weighted average of accepted bids which will be applied for non-competitive bids was 20.637% up from 18.607% in the previous auction." Crazy times we are in...Lucky are they who hold cash they get to dictate terms... For 25m and above you can get 21% from some banks Do tell, which banks? Those funny small banks....but one fund management firm is also giving those crazy rates on their CMS... possunt quia posse videntur
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Rank: Elder Joined: 2/16/2007 Posts: 2,114
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[quote=maka
Those funny small banks....but one fund management firm is also giving those crazy rates on their CMS...
[/quote]
So as not to be seen to be advertising..what's the first letter of that firm's name?
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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maka wrote:Mukiri wrote:obiero wrote:maka wrote:Chaka wrote:Chaka wrote:Could anyone here be having the results of the 91 day TB auction? Have just seen on the CBK site that"the market weighted average rate was 20.950 %, and the weighted average of accepted bids which will be applied for non-competitive bids was 20.637% up from 18.607% in the previous auction." Crazy times we are in...Lucky are they who hold cash they get to dictate terms... For 25m and above you can get 21% from some banks Do tell, which banks? Those funny small banks....but one fund management firm is also giving those crazy rates on their CMS... Dubai bank (rip) type ask @mawinder In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: Member Joined: 8/17/2007 Posts: 294
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Rank: New-farer Joined: 3/1/2014 Posts: 82
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maka wrote:Mukiri wrote:obiero wrote:maka wrote:Chaka wrote:Chaka wrote:Could anyone here be having the results of the 91 day TB auction? Have just seen on the CBK site that"the market weighted average rate was 20.950 %, and the weighted average of accepted bids which will be applied for non-competitive bids was 20.637% up from 18.607% in the previous auction." Crazy times we are in...Lucky are they who hold cash they get to dictate terms... For 25m and above you can get 21% from some banks Do tell, which banks? Those funny small banks....but one fund management firm is also giving those crazy rates on their CMS... I thought CMS usually has a risk attached? But it usually has high returns “The beauty of success is that it doesn’t matter how many times you have failed, you only have to be right once and then everyone can tell you how lucky you are.” - Mark Cuban
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Rank: New-farer Joined: 7/12/2011 Posts: 57 Location: nairobi
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cms is a low risk investment just like money market only difference is the money is fixed for a term and the rate is fixed.
most fund managers work with a minimum of 500-1m
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Rank: Member Joined: 7/17/2014 Posts: 132 Location: Wherethewindblows
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Quick question since it's banks that actually take part in the auction what happens to the small players as in 'wanjiku' what rate does she get? Is it the weighted average or is that what is applied to everyone? What happens when you buy through the bank do they charge a one time charge? You have to learn the rules of the game. And then you have to play better than anyone else - Albert Einstein
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