Wazua
»
Investor
»
Bonds
»
T-bill advise
Rank: New-farer Joined: 5/22/2014 Posts: 78
|
The 91-day T-Bill is at 20.64% !!
The financial analysts, @Hisa, @Mnandii, kindly explain in a lay man's language what that means for the money markets.
Another question:
For the non-competitive bids, does your return vary with the daily rates or your rate is fixed at what was prevailing at date of buying?
|
|
|
Rank: Elder Joined: 2/16/2007 Posts: 2,114
|
doubletap wrote: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? Wanjiku gets the non-competitive rate.When filling the TB application form,she will state non-competitive since she does not know how to arrive at a competitive rate for each auction..
|
|
|
Rank: Chief Joined: 8/4/2010 Posts: 8,977
|
mugo2of3 wrote:The 91-day T-Bill is at 20.64% !!
The financial analysts, @Hisa, @Mnandii, kindly explain in a lay man's language what that means for the money markets.
Another question:
For the non-competitive bids, does your return vary with the daily rates or your rate is fixed at what was prevailing at date of buying? It means liquidity meltdown is rife! The money market is sucking out a lot of liquidity from the system. In short it means cash is becoming scarce.$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
|
|
|
Rank: Member Joined: 11/18/2010 Posts: 503 Location: Kenya
|
KulaRaha wrote:Time to print money.......  @Kularaha.Is it advisable to put money in TBs now... The yield looks so lucrative.
|
|
|
Rank: Elder Joined: 6/23/2009 Posts: 13,501 Location: nairobi
|
Motomoto wrote:KulaRaha wrote:Time to print money....... @Kularaha.Is it advisable to put money in TBs now... The yield looks so lucrative. Its bound to get worse.. Time for the stock market to collapse, only saviour may be the release of banking financials for Q3
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
|
|
|
Rank: Veteran Joined: 9/7/2010 Posts: 1,063 Location: Kenya
|
obiero wrote:Motomoto wrote:KulaRaha wrote:Time to print money....... @Kularaha.Is it advisable to put money in TBs now... The yield looks so lucrative. Its bound to get worse.. Time for the stock market to collapse, only saviour may be the release of banking financials for Q3 So who benefits?
|
|
|
Rank: Member Joined: 7/17/2014 Posts: 132 Location: Wherethewindblows
|
What does this really mean? CBK wants 4B but accepts 12B three times what they wanted. Why not just ask for 12B in the first place? You have to learn the rules of the game. And then you have to play better than anyone else - Albert Einstein
|
|
|
Rank: Member Joined: 5/28/2010 Posts: 151
|
..it's now going crazy..and fearful the same time....@Atalaku..yup..who's benefiting now?..Hahahhhhh...what a crazy market this is... Ni Uhuru wa Mbesha...Niguo kana tiguo?
|
|
|
Rank: Veteran Joined: 11/15/2013 Posts: 1,977 Location: Here
|
doubletap wrote:What does this really mean? CBK wants 4B but accepts 12B three times what they wanted. Why not just ask for 12B in the first place? It would create panic. Silently absorb it, they know oversubscription is obvious. Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
|
|
|
Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
|
Who wants the last 1 year bond....like 500k. possunt quia posse videntur
|
|
|
Rank: Member Joined: 5/28/2010 Posts: 151
|
Boris Boyka wrote:doubletap wrote:What does this really mean? CBK wants 4B but accepts 12B three times what they wanted. Why not just ask for 12B in the first place? It would create panic. Silently absorb it, they know over subscription is obvious. ..How and Why will it create panic? Ni Uhuru wa Mbesha...Niguo kana tiguo?
|
|
|
Rank: Veteran Joined: 11/15/2013 Posts: 1,977 Location: Here
|
kyukkamba wrote:Boris Boyka wrote:doubletap wrote:What does this really mean? CBK wants 4B but accepts 12B three times what they wanted. Why not just ask for 12B in the first place? It would create panic. Silently absorb it, they know over subscription is obvious. ..How and Why will it create panic? Are you in Kenya? If yes, are you watching and/or listening to news? Haven't you noticed the panic in Wazua either? Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
|
|
|
Rank: Elder Joined: 7/11/2012 Posts: 5,222
|
Chaka wrote:doubletap wrote: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? Wanjiku gets the non-competitive rate.When filling the TB application form,she will state non-competitive since she does not know how to arrive at a competitive rate for each auction.. Pray do tell Wanjiku, how to arrive at a Competitive rate, when filling out the form.
|
|
|
Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
|
Mukiri wrote:Chaka wrote:doubletap wrote: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? Wanjiku gets the non-competitive rate.When filling the TB application form,she will state non-competitive since she does not know how to arrive at a competitive rate for each auction.. Pray do tell Wanjiku, how to arrive at a Competitive rate, when filling out the form. @Mukiri you have to know where the market is trading at so that you can get a rough idea of where to go in....but the values for "small" amounts of cash is negligible why miss a tbill or bond worth 500k coz you want to squueze 50 bps....to be safe bid at average. possunt quia posse videntur
|
|
|
Rank: Elder Joined: 6/23/2009 Posts: 13,501 Location: nairobi
|
Boris Boyka wrote:kyukkamba wrote:Boris Boyka wrote:doubletap wrote:What does this really mean? CBK wants 4B but accepts 12B three times what they wanted. Why not just ask for 12B in the first place? It would create panic. Silently absorb it, they know over subscription is obvious. ..How and Why will it create panic? Are you in Kenya? If yes, are you watching and/or listening to news? Haven't you noticed the panic in Wazua either? Panic wld set in since it will be an outright admission by GoK that we are broke
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
|
|
|
Rank: Elder Joined: 3/2/2009 Posts: 26,328 Location: Masada
|
Its almost leveling now:  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 181
amounting to Kshs.4.88 Billion representing 121.94% subscription and 516 bids amounting to Kshs.20.64 Billion representing 516.02% subscription for 182
and 364 days, respectively. Bids accepted amounted to Kshs.4.87 Billion for 182 days and Kshs.16.26 Billion for 364 days Treasury Bills. The weighted
average rate of accepted bids, which will be applied for non-competitive bids, was 22.291% for the 182-day and 22.363% for 364-day Treasury Bills. The
other auction statistics are summarised in the table below. Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
|
|
|
Rank: Elder Joined: 7/26/2007 Posts: 6,514
|
Do that maths. They are about 180B behind budget. This economy will sink soon. Business opportunities are like buses,there's always another one coming
|
|
|
Rank: Elder Joined: 3/2/2009 Posts: 26,328 Location: Masada
|
KulaRaha wrote:Do that maths. They are about 180B behind budget. This economy will sink soon. Which is worse should the gaaament go Greece way: Keep your money in Equity or keep them in CBK (read Bills and Bonds) Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
|
|
|
Rank: Member Joined: 7/17/2014 Posts: 132 Location: Wherethewindblows
|
Impunity wrote:Which is worse should the gaaament go Greece way: Keep your money in Equity or keep them in CBK (read Bills and Bonds) Good question. What would signal that they have mopped up all the liquidity from the market? You have to learn the rules of the game. And then you have to play better than anyone else - Albert Einstein
|
|
|
Rank: Elder Joined: 3/2/2009 Posts: 26,328 Location: Masada
|
doubletap wrote:Impunity wrote:Which is worse should the gaaament go Greece way: Keep your money in Equity or keep them in CBK (read Bills and Bonds) Good question. What would signal that they have mopped up all the liquidity from the market? I guess the moment they start geting under-subscription en-masse? Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
|
|
|
Wazua
»
Investor
»
Bonds
»
T-bill advise
Forum Jump
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.
|