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CBK T Bill returns
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tinker
#61 Posted : Thursday, October 08, 2015 3:32:32 PM
Rank: Member

Joined: 11/15/2010
Posts: 455
Location: Nairobi
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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obiero
#62 Posted : Thursday, October 08, 2015 3:55:15 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,289
Location: nairobi
21.5% average as at today's auction. Kwisha sisi
COOP, IMH, KEGN, KQ, MTNU
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hisah
#63 Posted : Thursday, October 08, 2015 4:00:48 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
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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cnn
#64 Posted : Thursday, October 08, 2015 6:29:26 PM
Rank: Veteran

Joined: 6/17/2009
Posts: 1,627
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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alutacontinua
#65 Posted : Thursday, October 08, 2015 6:47:04 PM
Rank: Member

Joined: 3/23/2011
Posts: 304
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.pdf
You dont have to be great to START but you have to start to be GREAT!!!!!!!!
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maka
#66 Posted : Thursday, October 08, 2015 7:15:30 PM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
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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obiero
#67 Posted : Thursday, October 08, 2015 7:39:54 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,289
Location: nairobi
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, IMH, KEGN, KQ, MTNU
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alutacontinua
#68 Posted : Saturday, October 10, 2015 1:46:12 PM
Rank: Member

Joined: 3/23/2011
Posts: 304
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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snipermnoma
#69 Posted : Sunday, October 11, 2015 5:41:12 AM
Rank: Member

Joined: 1/3/2014
Posts: 257
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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alutacontinua
#70 Posted : Wednesday, October 14, 2015 6:54:36 PM
Rank: Member

Joined: 3/23/2011
Posts: 304
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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  | | Edit by user: Wednesday, October 14, 2015 6:55 PM | Reason: Not specified
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