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CBK T Bill returns
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alutacontinua
#41 Posted : Wednesday, October 07, 2015 7:46:00 PM
Rank: Member

Joined: 3/23/2011
Posts: 304
KulaRaha wrote:
alutacontinua wrote:
@impunity i dont think so....just had a look at the results of the 182 and 364 day t-bills for this week and they have surged again

182 weighted average was 21.607% (Up 1.276%)
364 weighted average was 21.489% (Up 0.803%)


https://www.centralbank....0dated%2012.10.2015.pdf

What i keep finding interesting is the subscription rate.....This time round it was 142% for the 182 and a massive 316% for the 364 day.



And how much did they accept?


They were in the markets looking for Ksh.8B but they accepted Ksh.5.3B for the 182 -day t-bill and Ksh.8.9B for the 364-day t-bill.
You dont have to be great to START but you have to start to be GREAT!!!!!!!!
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Impunity
#42 Posted : Wednesday, October 07, 2015 7:55:24 PM
Rank: Elder

Joined: 3/2/2009
Posts: 26,331
Location: Masada
alutacontinua wrote:
KulaRaha wrote:
alutacontinua wrote:
@impunity i dont think so....just had a look at the results of the 182 and 364 day t-bills for this week and they have surged again

182 weighted average was 21.607% (Up 1.276%)
364 weighted average was 21.489% (Up 0.803%)


https://www.centralbank....0dated%2012.10.2015.pdf

What i keep finding interesting is the subscription rate.....This time round it was 142% for the 182 and a massive 316% for the 364 day.



And how much did they accept?


They were in the markets looking for Ksh.8B but they accepted Ksh.5.3B for the 182 -day t-bill and Ksh.8.9B for the 364-day t-bill.


So they were looking for 8B and took home over 14B for both 182 and 364 bills?
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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alutacontinua
#43 Posted : Wednesday, October 07, 2015 8:00:50 PM
Rank: Member

Joined: 3/23/2011
Posts: 304
snipermnoma wrote:
Now that the subscription rate on the longer 182 and 364 is rising, if 91 day subscription remains the same or higher, it means even liquidity will be further reduced. That is not a good sign for stocks. However it is a good sign that T-bill rates will remain high for now.


Think we will be looking at a higher subscription rate for the 91-day tomorrow. Once the bear market starts its slide (as has been pointed out by gurus like @hisah) the outflow will be large.
You dont have to be great to START but you have to start to be GREAT!!!!!!!!
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alutacontinua
#44 Posted : Wednesday, October 07, 2015 8:03:07 PM
Rank: Member

Joined: 3/23/2011
Posts: 304
Impunity wrote:
alutacontinua wrote:
KulaRaha wrote:
alutacontinua wrote:
@impunity i dont think so....just had a look at the results of the 182 and 364 day t-bills for this week and they have surged again

182 weighted average was 21.607% (Up 1.276%)
364 weighted average was 21.489% (Up 0.803%)


https://www.centralbank....0dated%2012.10.2015.pdf

What i keep finding interesting is the subscription rate.....This time round it was 142% for the 182 and a massive 316% for the 364 day.



And how much did they accept?


They were in the markets looking for Ksh.8B but they accepted Ksh.5.3B for the 182 -day t-bill and Ksh.8.9B for the 364-day t-bill.


So they were looking for 8B and took home over 14B for both 182 and 364 bills?


Yes they did and in the process turned away 0.37B from the 182-day bids and 3.73B from the 364-day bids.
You dont have to be great to START but you have to start to be GREAT!!!!!!!!
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Impunity
#45 Posted : Wednesday, October 07, 2015 8:05:59 PM
Rank: Elder

Joined: 3/2/2009
Posts: 26,331
Location: Masada
alutacontinua wrote:
KulaRaha wrote:
alutacontinua wrote:
@impunity i dont think so....just had a look at the results of the 182 and 364 day t-bills for this week and they have surged again

182 weighted average was 21.607% (Up 1.276%)
364 weighted average was 21.489% (Up 0.803%)


https://www.centralbank....0dated%2012.10.2015.pdf

What i keep finding interesting is the subscription rate.....This time round it was 142% for the 182 and a massive 316% for the 364 day.



And how much did they accept?


They were in the markets looking for Ksh.8B but they accepted Ksh.5.3B for the 182 -day t-bill and Ksh.8.9B for the 364-day t-bill.


So they were looking for 8B and took home over 14B for both 182 and 364 bills?
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Impunity
#46 Posted : Wednesday, October 07, 2015 8:12:06 PM
Rank: Elder

Joined: 3/2/2009
Posts: 26,331
Location: Masada
alutacontinua wrote:
snipermnoma wrote:
Now that the subscription rate on the longer 182 and 364 is rising, if 91 day subscription remains the same or higher, it means even liquidity will be further reduced. That is not a good sign for stocks. However it is a good sign that T-bill rates will remain high for now.


Think we will be looking at a higher subscription rate for the 91-day tomorrow. Once the bear market starts its slide (as has been pointed out by gurus like @hisah) the outflow will be large.


Any chance it will hit 30% peak in this month?
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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alutacontinua
#47 Posted : Wednesday, October 07, 2015 8:28:38 PM
Rank: Member

Joined: 3/23/2011
Posts: 304
Impunity wrote:
alutacontinua wrote:
snipermnoma wrote:
Now that the subscription rate on the longer 182 and 364 is rising, if 91 day subscription remains the same or higher, it means even liquidity will be further reduced. That is not a good sign for stocks. However it is a good sign that T-bill rates will remain high for now.


Think we will be looking at a higher subscription rate for the 91-day tomorrow. Once the bear market starts its slide (as has been pointed out by gurus like @hisah) the outflow will be large.


Any chance it will hit 30% peak in this month?


Think we shall peak at about 23-25%.....Anything higher will surely be unsustainable.

Another angle i am looking at is trying to figure out if smart money has already bought or are in the process of buying up the bonds thus we could see yields stay around current levels/even lower.(My 2 cents)
You dont have to be great to START but you have to start to be GREAT!!!!!!!!
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kyukkamba
#48 Posted : Wednesday, October 07, 2015 8:46:55 PM
Rank: Member

Joined: 5/28/2010
Posts: 151
Impunity wrote:
alutacontinua wrote:
snipermnoma wrote:
Now that the subscription rate on the longer 182 and 364 is rising, if 91 day subscription remains the same or higher, it means even liquidity will be further reduced. That is not a good sign for stocks. However it is a good sign that T-bill rates will remain high for now.


Think we will be looking at a higher subscription rate for the 91-day tomorrow. Once the bear market starts its slide (as has been pointed out by gurus like @hisah) the outflow will be large.


Any chance it will hit 30% peak in this month?


Sad ..30% return Guaranteed!!!..this sounds soo sweet...wale tuko na mbesha...will act like msumeno........unakula pande zote mbili....Bills+Stocks....Hehehehhhh..kazi iedereeee
Ni Uhuru wa Mbesha...Niguo kana tiguo?
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Angelica _ann
#49 Posted : Wednesday, October 07, 2015 9:38:03 PM
Rank: Elder

Joined: 12/7/2012
Posts: 11,936
Saturation point coming soon. Don't see us going past 23.5% this time round smile.
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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TheGeek
#50 Posted : Wednesday, October 07, 2015 9:50:28 PM
Rank: Member

Joined: 7/3/2014
Posts: 245
where is @ metasploit @mnandii to tell us what the charts say ? & @ Phillanga .
In the world of securities, courage and patience become the supreme virtues after adequate knowledge and a tested judgment are at hand.
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