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T-bill advise
Rank: Veteran Joined: 11/14/2006 Posts: 1,311
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Impunity wrote:obiero wrote:Impunity wrote:instinct wrote:As you rush to buy tbills i believe none of you has a bank loan... Coz thats what u should be clearing first.. WE ARE VERY MUCH LIQUID!!! Sound advice @instinct For those who are indebted, only! Borrowed from sacco at 12%, hoping to buy Tbill at circa 20%
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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Arbitrage John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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Liv wrote:Impunity wrote:obiero wrote:Impunity wrote:instinct wrote:As you rush to buy tbills i believe none of you has a bank loan... Coz thats what u should be clearing first.. WE ARE VERY MUCH LIQUID!!! Sound advice @instinct For those who are indebted, only! Borrowed from sacco at 12%, hoping to buy Tbill at circa 20% Reinvestment risk... possunt quia posse videntur
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Rank: Member Joined: 8/17/2007 Posts: 294
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Impunity wrote:obiero wrote:Impunity wrote:instinct wrote:As you rush to buy tbills i believe none of you has a bank loan... Coz thats what u should be clearing first.. WE ARE VERY MUCH LIQUID!!! Sound advice @instinct For those who are indebted, only! "Levered" is the politically correct term
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Rank: Member Joined: 8/17/2007 Posts: 294
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Anyway I wont rush to lock in my money for 1 year at 18% net return. I will make that from the NSE four times by Nov next year
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Rank: Member Joined: 8/17/2007 Posts: 294
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Are foreigners allowed to buy T-bills? if so why arent we seeing subscription rates of 120,000%?
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Rank: Elder Joined: 3/2/2009 Posts: 26,328 Location: Masada
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instinct wrote:Anyway I wont rush to lock in my money for 1 year at 18% net return. I will make that from the NSE four times by Nov next year Give Jubilee at Chum for 6 months and enter NSE at its lowest point, that would be around Jun-Aug next year... the NSE has not bottomed yet! Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Veteran Joined: 2/2/2012 Posts: 1,134 Location: Nairobi
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Impunity wrote:winmak wrote:Impunity wrote:jerry wrote:Impunity wrote:kasibitta wrote:Speculz wrote:How does one know your account has been opened? Do they notify you or you have to visit physically? @speculz.After seven days they are supposed to send you an email with your details.But being the govt style CBK, you better visit them and enquire after the seven days.They will then write for you on paper your CDS account number and Virtual account. I am still waiting for my details on email, more than two months later.Good thing , i did walk myself there and got it written for me. Let the guy walk to CBK and demand his CDS account as long as the 7 working days had elapsed,this is the gaaament he is dealing with. You will even be told that your resident bank has not responded with sijui SWIFT response and therefore you also need to head to your bank HQ and make some following there, kupata pesa sio rahisi hivyo. Two weeks later I'm waiting for a call from them, Meru CBK-CASH OFFICE! I left them with an application for one year T-Bill. By the time you get the CDS account the rates would have fallen back to 8%. Can you call them. I think it is a deliberate attempt to lessen the massive shift to Govt paper. I am 3 weeks after applying, CDS not ready, they claim a backlog as many people are opening up CBK CDSs...  Walk to your bank treasury department and demand to know whats cooking. The banks are delaying the process of opening the CBK CDS account to frustrate you so that you keep your money in their account and earn meager 5% pa! Commercial banks CANNOT delay the process as their role is limited to confirming your bank acc details on the form. That takes about five minutes over the counter!
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Rank: Elder Joined: 3/2/2009 Posts: 26,328 Location: Masada
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chiaroscuro wrote:Impunity wrote:winmak wrote:Impunity wrote:jerry wrote:Impunity wrote:kasibitta wrote:Speculz wrote:How does one know your account has been opened? Do they notify you or you have to visit physically? @speculz.After seven days they are supposed to send you an email with your details.But being the govt style CBK, you better visit them and enquire after the seven days.They will then write for you on paper your CDS account number and Virtual account. I am still waiting for my details on email, more than two months later.Good thing , i did walk myself there and got it written for me. Let the guy walk to CBK and demand his CDS account as long as the 7 working days had elapsed,this is the gaaament he is dealing with. You will even be told that your resident bank has not responded with sijui SWIFT response and therefore you also need to head to your bank HQ and make some following there, kupata pesa sio rahisi hivyo. Two weeks later I'm waiting for a call from them, Meru CBK-CASH OFFICE! I left them with an application for one year T-Bill. By the time you get the CDS account the rates would have fallen back to 8%. Can you call them. I think it is a deliberate attempt to lessen the massive shift to Govt paper. I am 3 weeks after applying, CDS not ready, they claim a backlog as many people are opening up CBK CDSs... Walk to your bank treasury department and demand to know whats cooking. The banks are delaying the process of opening the CBK CDS account to frustrate you so that you keep your money in their account and earn meager 5% pa! Commercial banks CANNOT delay the process as their role is limited to confirming your bank acc details on the form. That takes about five minutes over the counter! That 5 minutes is exactly what they take a month to do so that you get frustrated and invest in their fixed term accounts. Lala tu hapo na kichwa ngumu hiyo yako. Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Elder Joined: 9/29/2006 Posts: 2,570
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Impunity wrote:jerry wrote:Impunity wrote:kasibitta wrote:Speculz wrote:How does one know your account has been opened? Do they notify you or you have to visit physically? @speculz.After seven days they are supposed to send you an email with your details.But being the govt style CBK, you better visit them and enquire after the seven days.They will then write for you on paper your CDS account number and Virtual account. I am still waiting for my details on email, more than two months later.Good thing , i did walk myself there and got it written for me. Let the guy walk to CBK and demand his CDS account as long as the 7 working days had elapsed,this is the gaaament he is dealing with. You will even be told that your resident bank has not responded with sijui SWIFT response and therefore you also need to head to your bank HQ and make some following there, kupata pesa sio rahisi hivyo. Two weeks later I'm waiting for a call from them, Meru CBK-CASH OFFICE! I left them with an application for one year T-Bill. By the time you get the CDS account the rates would have fallen back to 8%. Can you call them. My application was successful at 21.212% and due date for the T-bond is 31/10/2016. The opposite of courage is not cowardice, it's conformity.
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Rank: Elder Joined: 3/2/2009 Posts: 26,328 Location: Masada
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jerry wrote:Impunity wrote:jerry wrote:Impunity wrote:kasibitta wrote:Speculz wrote:How does one know your account has been opened? Do they notify you or you have to visit physically? @speculz.After seven days they are supposed to send you an email with your details.But being the govt style CBK, you better visit them and enquire after the seven days.They will then write for you on paper your CDS account number and Virtual account. I am still waiting for my details on email, more than two months later.Good thing , i did walk myself there and got it written for me. Let the guy walk to CBK and demand his CDS account as long as the 7 working days had elapsed,this is the gaaament he is dealing with. You will even be told that your resident bank has not responded with sijui SWIFT response and therefore you also need to head to your bank HQ and make some following there, kupata pesa sio rahisi hivyo. Two weeks later I'm waiting for a call from them, Meru CBK-CASH OFFICE! I left them with an application for one year T-Bill. By the time you get the CDS account the rates would have fallen back to 8%. Can you call them. My application was successful at 21.212% and due date for the T-bond is 31/10/2016. You are sure you know the difference between and a T-Bond and T-Bill? Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Veteran Joined: 6/17/2009 Posts: 1,619
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I see 83 billion was thrown at CBK in yesterdays auction and they took only 14.6 billion bringing the 364 and 182 day rates down to 17.1% and 16.4% respectively,that party seems to be coming to an end at least for now.The 91 day in today's auction may well see the rate go below 15%.
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Rank: Member Joined: 2/7/2014 Posts: 155
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cnn wrote: I see 83 billion was thrown at CBK in yesterdays auction and they took only 14.6 billion bringing the 364 and 182 day rates down to 17.1% and 16.4% respectively,that party seems to be coming to an end at least for now.The 91 day in today's auction may well see the rate go below 15%. @cnn...where have you seen the results.Checked CBK website but they havent updated.Anyway, that was expected considering the new Loan government got.
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Rank: Elder Joined: 9/29/2006 Posts: 2,570
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cnn wrote: I see 83 billion was thrown at CBK in yesterdays auction and they took only 14.6 billion bringing the 364 and 182 day rates down to 17.1% and 16.4% respectively,that party seems to be coming to an end at least for now.The 91 day in today's auction may well see the rate go below 15%. There must be some Eurobond in 83Bn! The opposite of courage is not cowardice, it's conformity.
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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jerry wrote:cnn wrote: I see 83 billion was thrown at CBK in yesterdays auction and they took only 14.6 billion bringing the 364 and 182 day rates down to 17.1% and 16.4% respectively,that party seems to be coming to an end at least for now.The 91 day in today's auction may well see the rate go below 15%. There must be some Eurobond in 83Bn! Thats a looootttt of cash. possunt quia posse videntur
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Rank: User Joined: 8/15/2013 Posts: 13,237 Location: Vacuum
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cnn wrote: I see 83 billion was thrown at CBK in yesterdays auction and they took only 14.6 billion bringing the 364 and 182 day rates down to 17.1% and 16.4% respectively,that party seems to be coming to an end at least for now.The 91 day in today's auction may well see the rate go below 15%. So Wailer was right when he said the Interest rate hike was just temporary and things will stabilize in the next three months If Obiero did it, Who Am I?
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Rank: Elder Joined: 9/29/2006 Posts: 2,570
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Swenani wrote:cnn wrote: I see 83 billion was thrown at CBK in yesterdays auction and they took only 14.6 billion bringing the 364 and 182 day rates down to 17.1% and 16.4% respectively,that party seems to be coming to an end at least for now.The 91 day in today's auction may well see the rate go below 15%. So Wailer was right when he said the Interest rate hike was just temporary and things will stabilize in the next three months If experts couldn't see it that way (rates going down) then we can say there was a design (& a designer) with a motive? The opposite of courage is not cowardice, it's conformity.
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Rank: Elder Joined: 9/29/2006 Posts: 2,570
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Impunity wrote:jerry wrote:Impunity wrote:jerry wrote:Impunity wrote:kasibitta wrote:Speculz wrote:How does one know your account has been opened? Do they notify you or you have to visit physically? @speculz.After seven days they are supposed to send you an email with your details.But being the govt style CBK, you better visit them and enquire after the seven days.They will then write for you on paper your CDS account number and Virtual account. I am still waiting for my details on email, more than two months later.Good thing , i did walk myself there and got it written for me. Let the guy walk to CBK and demand his CDS account as long as the 7 working days had elapsed,this is the gaaament he is dealing with. You will even be told that your resident bank has not responded with sijui SWIFT response and therefore you also need to head to your bank HQ and make some following there, kupata pesa sio rahisi hivyo. Two weeks later I'm waiting for a call from them, Meru CBK-CASH OFFICE! I left them with an application for one year T-Bill. By the time you get the CDS account the rates would have fallen back to 8%. Can you call them. My application was successful at 21.212% and due date for the T-bond is 31/10/2016. You are sure you know the difference between and a T-Bond and T-Bill? @Impunity That's just an error. My first investment in t-bills was in 1994! The opposite of courage is not cowardice, it's conformity.
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Rank: Elder Joined: 3/2/2009 Posts: 26,328 Location: Masada
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jerry wrote:Swenani wrote:cnn wrote: I see 83 billion was thrown at CBK in yesterdays auction and they took only 14.6 billion bringing the 364 and 182 day rates down to 17.1% and 16.4% respectively,that party seems to be coming to an end at least for now.The 91 day in today's auction may well see the rate go below 15%. So Wailer was right when he said the Interest rate hike was just temporary and things will stabilize in the next three months If experts couldn't see it that way (rates going down) then we can say there was a design (& a designer) with a motive? MONEYPULATION of Interest Rates, SURELY!!!! Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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Impunity wrote:jerry wrote:Swenani wrote:cnn wrote: I see 83 billion was thrown at CBK in yesterdays auction and they took only 14.6 billion bringing the 364 and 182 day rates down to 17.1% and 16.4% respectively,that party seems to be coming to an end at least for now.The 91 day in today's auction may well see the rate go below 15%. So Wailer was right when he said the Interest rate hike was just temporary and things will stabilize in the next three months If experts couldn't see it that way (rates going down) then we can say there was a design (& a designer) with a motive? MONEYPULATION of Interest Rates, SURELY!!!! Without a doubt.... possunt quia posse videntur
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