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T-bill advise
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kyukkamba
#71 Posted : Wednesday, October 21, 2015 8:42:47 PM
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?
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Boris Boyka
#72 Posted : Wednesday, October 21, 2015 9:00:57 PM
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. !!!
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Mukiri
#73 Posted : Thursday, October 22, 2015 12:06:38 AM
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.

Proverbs 19:21
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maka
#74 Posted : Thursday, October 22, 2015 6:21:35 AM
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
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obiero
#75 Posted : Thursday, October 22, 2015 8:32:45 AM
Rank: Elder

Joined: 6/23/2009
Posts: 14,477
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
COOP 306,100 ABP 31.96, KEGN 112,100 ABP 10.64, MTNU 131,000 ABP 10.21
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Impunity
#76 Posted : Thursday, October 22, 2015 8:45:44 AM
Rank: Elder

Joined: 3/2/2009
Posts: 26,335
Location: Masada
Its almost leveling now:

d'oh! d'oh! d'oh!

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.
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KulaRaha
#77 Posted : Thursday, October 22, 2015 8:46:08 AM
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
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  | | Edit by user: Thursday, October 22, 2015 8:47 AM | Reason: Not specified
Impunity
#78 Posted : Thursday, October 22, 2015 1:04:58 PM
Rank: Elder

Joined: 3/2/2009
Posts: 26,335
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)

d'oh! d'oh! d'oh!
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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  | | Edit by user: Thursday, October 22, 2015 2:04 PM | Reason: Not specified
doubletap
#79 Posted : Thursday, October 22, 2015 1:38:01 PM
Rank: Member

Joined: 7/17/2014
Posts: 138
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)

d'oh! d'oh! d'oh!


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
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Impunity
#80 Posted : Thursday, October 22, 2015 2:06:50 PM
Rank: Elder

Joined: 3/2/2009
Posts: 26,335
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)

d'oh! d'oh! d'oh!


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.
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