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CBK T Bill returns
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alutacontinua
#81 Posted : Thursday, October 15, 2015 9:50:27 PM
Rank: Member


Joined: 3/23/2011
Posts: 304
enyands wrote:
If not careful Greek we come .that's how it all started. We dont have African union to bail us out like European Union


Worst case scenario is CBK turns on the printers and we devalue the shilling....more like a Zimbabwe solution Sad

Inflation will be the key going forward and seeing as how fuel went down by 9 Ksh yesterday we might start to feel its effects soon....not to mention a possible spike in food prices after El Nino.
You dont have to be great to START but you have to start to be GREAT!!!!!!!!
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kasibitta
#82 Posted : Thursday, October 15, 2015 10:02:20 PM
Rank: Member


Joined: 2/7/2014
Posts: 155
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.


@cnn...less than a week later, 22% printed
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alutacontinua
#83 Posted : Friday, October 16, 2015 2:17:19 AM
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Joined: 3/23/2011
Posts: 304
Looks like there is a plan to float another Eurobond as domestic market interest rates are too high.

We are closely following Ghana who just floated their second eurobond...$1B with a yield of 10.75% backed by the World Bank. Previous one was fetching a yield of 8%

http://mobile.nation.co..../1/-/wssjj5/-/index.html
You dont have to be great to START but you have to start to be GREAT!!!!!!!!
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KulaRaha
#84 Posted : Friday, October 16, 2015 8:57:20 AM
Rank: Elder


Joined: 7/26/2007
Posts: 6,514
All this massive borrowing to fund recurrent expenditure...stupidity beyond words!

What will happen when these bills mature next year?
Business opportunities are like buses,there's always another one coming
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maka
#85 Posted : Friday, October 16, 2015 9:18:36 AM
Rank: Elder


Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
KulaRaha wrote:
All this massive borrowing to fund recurrent expenditure...stupidity beyond words!

What will happen when these bills mature next year?


Boss next year we are in trouble...smile
possunt quia posse videntur
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Intelligentsia
#86 Posted : Friday, October 16, 2015 4:35:59 PM
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Joined: 10/1/2009
Posts: 2,436
so discount window is still closed?
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Impunity
#87 Posted : Friday, October 16, 2015 6:28:17 PM
Rank: Elder


Joined: 3/2/2009
Posts: 26,328
Location: Masada
Intelligentsia wrote:
so discount window is still closed?


What'ya mean?
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Boris Boyka
#88 Posted : Friday, October 16, 2015 6:38:39 PM
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Joined: 11/15/2013
Posts: 1,977
Location: Here
Impunity wrote:
Intelligentsia wrote:
so discount window is still closed?


What'ya mean?

2hrs am still unable to figure out this.
Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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Dahatre
#89 Posted : Friday, October 16, 2015 8:49:52 PM
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Joined: 12/21/2009
Posts: 602
In trouble is an understatement:




maka wrote:
KulaRaha wrote:
All this massive borrowing to fund recurrent expenditure...stupidity beyond words!

What will happen when these bills mature next year?


Boss next year we are in trouble...smile
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Dahatre
#90 Posted : Friday, October 16, 2015 8:52:40 PM
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As Welihye says: the Spike in 2016 is redemption of short term domestic debt FY 2013/14, 2 year TBonds done in 2014 and 6 yr IFBs 2009/2012".
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obiero
#91 Posted : Friday, October 16, 2015 10:02:06 PM
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Joined: 6/23/2009
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Location: nairobi
we are now approaching 24%.. iko shida nchini.. https://www.centralbank....-results/91-days-t-bills

HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Nimerudi
#92 Posted : Saturday, October 17, 2015 12:45:43 AM
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Joined: 1/21/2015
Posts: 78
Location: Pare Pare
KulaRaha wrote:
All this massive borrowing to fund recurrent expenditure...stupidity beyond words!

What will happen when these bills mature next year?


This. At the same time the GoK is underspending on development, not to mention LAPPSET. Looks like we'll be in in the doldrums for some years.
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shocks
#93 Posted : Wednesday, November 11, 2015 9:49:33 AM
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Joined: 3/15/2009
Posts: 359
"CBK" wrote:

This week the Central Bank of Kenya offered 91-day Treasury Bills for a total of Kshs.4 Billion. The total number of bids received was 500 amounting to Kshs.44.61 Billion, representing a subscription of 1,115.32%. Total bids accepted amounted to Kshs.7.31 Billion.The market weighted average rate was 14.933 %, and the weighted average of accepted bids which will be applied for non-competitive bids was 13.763% down from 19.471% in the previous auction. The other auction statistics are summarised in the table below.


Pressure is easing
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Spikes
#94 Posted : Wednesday, November 11, 2015 9:52:29 AM
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Joined: 9/20/2015
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Expect a mammoth bull market. Good news indeed!
John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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maka
#95 Posted : Wednesday, November 11, 2015 10:06:34 AM
Rank: Elder


Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
Spikes wrote:
Expect a mammoth bull market. Good news indeed!


Kwani whats new here?Btw if am not wrong...today 182 and 364 auctions...MLF might meet today or tomorrow to say what bond will be floated this month...
possunt quia posse videntur
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kasibitta
#96 Posted : Wednesday, November 11, 2015 10:14:08 AM
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Joined: 2/7/2014
Posts: 155
Spikes wrote:
Expect a mammoth bull market. Good news indeed!


@Spikes...someone said Kenyans are doubting Thomases.So to validate your statement above, it would be ebst to give the reason behind your prediction.Unless you are trying to rally the market...which in my opinion is bigger than wazua or you in person.
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kyt
#97 Posted : Wednesday, November 11, 2015 11:50:42 AM
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Spikes ndiye oleitumbi wa wazua
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mlennyma
#98 Posted : Wednesday, November 11, 2015 11:56:50 AM
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Joined: 7/21/2010
Posts: 6,182
Location: nairobi
Spikes wrote:
Expect a mammoth bull market. Good news indeed!

the nse was still bearish when interest rates and t-bill yields were low earlier this year so i feel this may not be an automatic catalyst to the market
"Don't let the fear of losing be greater than the excitement of winning."
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Emerger
#99 Posted : Wednesday, November 11, 2015 12:19:03 PM
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Joined: 12/1/2014
Posts: 45
Location: Nairobi
mlennyma wrote:
Spikes wrote:
Expect a mammoth bull market. Good news indeed!

the nse was still bearish when interest rates and t-bill yields were low earlier this year so i feel this may not be an automatic catalyst to the market


The Tbill rates will likely fall further due to the too much cash following the 'attractive rates' on the govt borrowing.

I passed at CBK last week and the queues on Tbills/Tbonds counters were huge. So where is the likely area that this cash will head to since the rates are no longer attractive as such. maybe NSE but may not yield to significant rally, slightly i think.
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Ericsson
#100 Posted : Wednesday, November 11, 2015 12:34:54 PM
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Joined: 12/4/2009
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@Emerger
Zitaenda kwa bar
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Wealth=Income + Investments - Lifestyle
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