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CBK T Bill returns
Rank: Member Joined: 11/15/2010 Posts: 455 Location: Nairobi
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Forgive my late entry to this discussion, wahenga walisema "better late than Never". can someone advise me and few wazuan who are clueless on how to buy T-Bills & Bonds. do we just visit out stockbroker or somehow we have to approach CBK? ....He who began a good work in you will carry it on to completion..
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Rank: Elder Joined: 6/23/2009 Posts: 14,477 Location: nairobi
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21.5% average as at today's auction. Kwisha sisi COOP 306,100 ABP 31.96, KEGN 112,100 ABP 10.64, MTNU 131,000 ABP 10.21
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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obiero wrote:21.5% average as at today's auction. Kwisha sisi 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 202 amounting to Kshs.5.67 Billion representing 142% subscription and 518 bids amounting to Kshs.12.63 Billion representing 316% subscription for 182 and 364 days, respectively. Bids accepted amounted to Kshs.5.3 Billion for 182 days and Kshs.8.9 Billion for 364 days Treasury Bills. The weighted average rate of accepted bids, which will be applied for non-competitive bids, was 21.607% for the 182-day and 21.498% for 364-day Treasury Bills. The other auction statistics are summarised in the table below. Very disorderly at the moment.$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Veteran Joined: 6/17/2009 Posts: 1,627
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hisah wrote:obiero wrote:21.5% average as at today's auction. Kwisha sisi 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 202 amounting to Kshs.5.67 Billion representing 142% subscription and 518 bids amounting to Kshs.12.63 Billion representing 316% subscription for 182 and 364 days, respectively. Bids accepted amounted to Kshs.5.3 Billion for 182 days and Kshs.8.9 Billion for 364 days Treasury Bills. The weighted average rate of accepted bids, which will be applied for non-competitive bids, was 21.607% for the 182-day and 21.498% for 364-day Treasury Bills. The other auction statistics are summarised in the table below. Very disorderly at the moment. The 91 day @ 21.3%,marginally lower than for the longer tenors.I want to believe we can't go over 22%,these are wild rates.
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Rank: Member Joined: 3/23/2011 Posts: 304
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Subscription rate for the just concluded 91-day T-bill auction was a massive 427% yet the NSE is holding steady above 4000. Anyone with an idea where the money flows are coming from? Yet again CBK was looking for 4B and accepted 12.6B..... I am not understanding why GoK is cash strapped. Summary of the auction: https://www.centralbank....20dated%2012.10.2015.pdfYou dont have to be great to START but you have to start to be GREAT!!!!!!!!
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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cnn wrote:hisah wrote:obiero wrote:21.5% average as at today's auction. Kwisha sisi 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 202 amounting to Kshs.5.67 Billion representing 142% subscription and 518 bids amounting to Kshs.12.63 Billion representing 316% subscription for 182 and 364 days, respectively. Bids accepted amounted to Kshs.5.3 Billion for 182 days and Kshs.8.9 Billion for 364 days Treasury Bills. The weighted average rate of accepted bids, which will be applied for non-competitive bids, was 21.607% for the 182-day and 21.498% for 364-day Treasury Bills. The other auction statistics are summarised in the table below. Very disorderly at the moment. The 91 day @ 21.3%,marginally lower than for the longer tenors.I want to believe we can't go over 22%,these are wild rates. We might just go above... possunt quia posse videntur
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Rank: Elder Joined: 6/23/2009 Posts: 14,477 Location: nairobi
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maka wrote:cnn wrote:hisah wrote:obiero wrote:21.5% average as at today's auction. Kwisha sisi 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 202 amounting to Kshs.5.67 Billion representing 142% subscription and 518 bids amounting to Kshs.12.63 Billion representing 316% subscription for 182 and 364 days, respectively. Bids accepted amounted to Kshs.5.3 Billion for 182 days and Kshs.8.9 Billion for 364 days Treasury Bills. The weighted average rate of accepted bids, which will be applied for non-competitive bids, was 21.607% for the 182-day and 21.498% for 364-day Treasury Bills. The other auction statistics are summarised in the table below. Very disorderly at the moment. The 91 day @ 21.3%,marginally lower than for the longer tenors.I want to believe we can't go over 22%,these are wild rates. We might just go above... Lending rates have crossed 24% so we may need to see atleast 25% before end of November COOP 306,100 ABP 31.96, KEGN 112,100 ABP 10.64, MTNU 131,000 ABP 10.21
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Rank: Member Joined: 3/23/2011 Posts: 304
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GoK looks to now be shifting its borrowing to international markets as domestic rates are just too high. $750 million borrowed at 8% from Standard Chartered, Citi Bank and CFC Stanbic. http://www.standardmedia...oan-in-crisis-borrowing
This should now put a short term cap on rates.....FED rate hike pending You dont have to be great to START but you have to start to be GREAT!!!!!!!!
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Rank: Member Joined: 1/3/2014 Posts: 257
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obiero wrote:maka wrote:cnn wrote:hisah wrote:obiero wrote:21.5% average as at today's auction. Kwisha sisi 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 202 amounting to Kshs.5.67 Billion representing 142% subscription and 518 bids amounting to Kshs.12.63 Billion representing 316% subscription for 182 and 364 days, respectively. Bids accepted amounted to Kshs.5.3 Billion for 182 days and Kshs.8.9 Billion for 364 days Treasury Bills. The weighted average rate of accepted bids, which will be applied for non-competitive bids, was 21.607% for the 182-day and 21.498% for 364-day Treasury Bills. The other auction statistics are summarised in the table below. Very disorderly at the moment. The 91 day @ 21.3%,marginally lower than for the longer tenors.I want to believe we can't go over 22%,these are wild rates. We might just go above... Lending rates have crossed 24% so we may need to see atleast 25% before end of November Speaking of lending rates...There are two opposing camps About 2 months ago we had this http://www.businessdaily.../-/jwxhioz/-/index.html which led to this http://www.nation.co.ke/.../-/9s458kz/-/index.html Now we have this http://www.theeastafrica...1/-/4kxtek/-/index.html So which move will lead to lower lending rates? Having fewer banks or many banks? There seems to be a contradiction on approach between CB/MPs and Treasury.
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Rank: Member Joined: 3/23/2011 Posts: 304
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Another Ksh. 10.22 Billion borrowed today by CBK. 182 @21.84% and 364 @21.882% Here is the link : https://www.centralbank....0dated%2019.10.2015.pdf
Subscription rates heavily shifting towards the 364 day t-bill. This auction had a total of 313.93% (364 day) and 93.41% (182 day). Seeing as NSE has closed below the 4000 level and todays bloodbath in the financials....flight to safety will be the order of the day. Lets see how tomorrows 91-day auction goes. You dont have to be great to START but you have to start to be GREAT!!!!!!!!
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