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Treasury Bills and Bonds
Rank: Elder Joined: 6/23/2009 Posts: 13,472 Location: nairobi
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Chaka wrote:Whatever that "Front Running" is,how much did the businessman "invest"to make that profit?There was another guy at a Tsavo Securities who also benefited unfairly from bonds a few years ago and got fined and banned from trading.What was his crime? aemathenge wrote:Citizens of the Virtual Republic of Wazua who understand Bonds and their market, kindly explain to me (us) lesser mortals what “Front Running” is in the Bond Market.
My good friend, Fred
HF 428,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Rank: Elder Joined: 3/2/2009 Posts: 26,325 Location: Masada
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Chaka wrote:Whatever that "Front Running" is,how much did the businessman "invest"to make that profit?There was another guy at a Tsavo Securities who also benefited unfairly from bonds a few years ago and got fined and banned from trading.What was his crime? aemathenge wrote:Citizens of the Virtual Republic of Wazua who understand Bonds and their market, kindly explain to me (us) lesser mortals what “Front Running” is in the Bond Market.
Must be 3B...same amount Michael Kamau spent to built Radisson blu Nairobi 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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obiero wrote:Chaka wrote:Whatever that "Front Running" is,how much did the businessman "invest"to make that profit?There was another guy at a Tsavo Securities who also benefited unfairly from bonds a few years ago and got fined and banned from trading.What was his crime? aemathenge wrote:Citizens of the Virtual Republic of Wazua who understand Bonds and their market, kindly explain to me (us) lesser mortals what “Front Running” is in the Bond Market.
My good friend, Fred This article explains it well.... http://www.theeastafrica...-/14jqe5mz/-/index.html
Ukiwa na swali uliza...  Every bond dealer has benefitted from such transactions... Think they will just have to ban the whole market. possunt quia posse videntur
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Rank: Member Joined: 8/25/2015 Posts: 839 Location: Kite
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Treasury bills subscription hit Sh62.26 billion at the weekly auction with the Central Bank of Kenya (CBK) accepting about a third at Sh18.34 billion, turning away Sh43 billion. The 364-day paper continued to get the most interest, receiving bids worth Sh34.58 billion — a 345.87 per cent subscription rate — as investors sought to lengthen investment duration. CBK accepted just Sh10.8 billion from the paper. https://www.nation.co.ke...17204-eci4l4/index.html
Banks hoarding cash ama?
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Rank: Elder Joined: 12/4/2009 Posts: 10,636 Location: NAIROBI
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Taurrus wrote:Treasury bills subscription hit Sh62.26 billion at the weekly auction with the Central Bank of Kenya (CBK) accepting about a third at Sh18.34 billion, turning away Sh43 billion. The 364-day paper continued to get the most interest, receiving bids worth Sh34.58 billion — a 345.87 per cent subscription rate — as investors sought to lengthen investment duration. CBK accepted just Sh10.8 billion from the paper. https://www.nation.co.ke...17204-eci4l4/index.html
Banks hoarding cash ama? If you look at financial results of all banks in 2018 Q1 vs FY2017 you'll see a dip in loan and advances to customers Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Member Joined: 8/25/2015 Posts: 839 Location: Kite
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Ericsson wrote:Taurrus wrote:Treasury bills subscription hit Sh62.26 billion at the weekly auction with the Central Bank of Kenya (CBK) accepting about a third at Sh18.34 billion, turning away Sh43 billion. The 364-day paper continued to get the most interest, receiving bids worth Sh34.58 billion — a 345.87 per cent subscription rate — as investors sought to lengthen investment duration. CBK accepted just Sh10.8 billion from the paper. https://www.nation.co.ke...17204-eci4l4/index.html
Banks hoarding cash ama? If you look at financial results of all banks in 2018 Q1 vs FY2017 you'll see a dip in loan and advances to customers True, now the government don't want their money! what to do?
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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Predictions on the 25 year closing tomorrow? possunt quia posse videntur
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Rank: Elder Joined: 12/4/2009 Posts: 10,636 Location: NAIROBI
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Taurrus wrote:Ericsson wrote:Taurrus wrote:Treasury bills subscription hit Sh62.26 billion at the weekly auction with the Central Bank of Kenya (CBK) accepting about a third at Sh18.34 billion, turning away Sh43 billion. The 364-day paper continued to get the most interest, receiving bids worth Sh34.58 billion — a 345.87 per cent subscription rate — as investors sought to lengthen investment duration. CBK accepted just Sh10.8 billion from the paper. https://www.nation.co.ke...17204-eci4l4/index.html
Banks hoarding cash ama? If you look at financial results of all banks in 2018 Q1 vs FY2017 you'll see a dip in loan and advances to customers True, now the government don't want their money! what to do? Repeal interest rates cap,have government reduce borrowing appetite and consumers get cheap credit Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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maka wrote:Predictions on the 25 year closing tomorrow?  possunt quia posse videntur
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Rank: Elder Joined: 7/26/2007 Posts: 6,514
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How does CBK issue a 25 year paper knowing full well the rate cap may go shortly? Daftness. Business opportunities are like buses,there's always another one coming
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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KulaRaha wrote:How does CBK issue a 25 year paper knowing full well the rate cap may go shortly?
Daftness. possunt quia posse videntur
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Rank: Elder Joined: 12/7/2012 Posts: 11,901
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maka wrote:maka wrote:Predictions on the 25 year closing tomorrow? Very low subscription and even lower acceptance rate, any reason? In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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Angelica _ann wrote:maka wrote:maka wrote:Predictions on the 25 year closing tomorrow? Very low subscription and even lower acceptance rate, any reason? CBK just being mean under the opus dei guy... Banks normally dont go for long tenor bonds this is a preserve of pension schemes... Insurance guys etc... Some went it in as high as 13.90.... 13.57 missed so cutoff is way low maybe 13.5 max possunt quia posse videntur
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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Taurrus wrote:Treasury bills subscription hit Sh62.26 billion at the weekly auction with the Central Bank of Kenya (CBK) accepting about a third at Sh18.34 billion, turning away Sh43 billion. The 364-day paper continued to get the most interest, receiving bids worth Sh34.58 billion — a 345.87 per cent subscription rate — as investors sought to lengthen investment duration. CBK accepted just Sh10.8 billion from the paper. https://www.nation.co.ke...17204-eci4l4/index.html
Banks hoarding cash ama? Info was already out that a longer dated bond was to be issued for this months primary makes sense for banks to put their funds into t bills... Look at how the 182 day rate went down... possunt quia posse videntur
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Rank: Member Joined: 8/25/2015 Posts: 839 Location: Kite
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maka wrote:Taurrus wrote:Treasury bills subscription hit Sh62.26 billion at the weekly auction with the Central Bank of Kenya (CBK) accepting about a third at Sh18.34 billion, turning away Sh43 billion. The 364-day paper continued to get the most interest, receiving bids worth Sh34.58 billion — a 345.87 per cent subscription rate — as investors sought to lengthen investment duration. CBK accepted just Sh10.8 billion from the paper. https://www.nation.co.ke...17204-eci4l4/index.html
Banks hoarding cash ama? Info was already out that a longer dated bond was to be issued for this months primary makes sense for banks to put their funds into t bills... Look at how the 182 day rate went down... Crazy, can't understand but anyway still better than banks!
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Rank: Elder Joined: 12/4/2009 Posts: 10,636 Location: NAIROBI
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maka wrote:Angelica _ann wrote:maka wrote:maka wrote:Predictions on the 25 year closing tomorrow? Very low subscription and even lower acceptance rate, any reason? CBK just being mean under the opus dei guy... Banks normally dont go for long tenor bonds this is a preserve of pension schemes... Insurance guys etc... Some went it in as high as 13.90.... 13.57 missed so cutoff is way low maybe 13.5 max Market weighted average rate is higher than the current interest rates for lending Interest rates cap law needs to be repealed like yesterday Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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Taurrus wrote:maka wrote:Taurrus wrote:Treasury bills subscription hit Sh62.26 billion at the weekly auction with the Central Bank of Kenya (CBK) accepting about a third at Sh18.34 billion, turning away Sh43 billion. The 364-day paper continued to get the most interest, receiving bids worth Sh34.58 billion — a 345.87 per cent subscription rate — as investors sought to lengthen investment duration. CBK accepted just Sh10.8 billion from the paper. https://www.nation.co.ke...17204-eci4l4/index.html
Banks hoarding cash ama? Info was already out that a longer dated bond was to be issued for this months primary makes sense for banks to put their funds into t bills... Look at how the 182 day rate went down... Crazy, can't understand but anyway still better than banks! FXD 2/2018/20  possunt quia posse videntur
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Rank: Elder Joined: 12/7/2012 Posts: 11,901
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maka wrote:Taurrus wrote:maka wrote:Taurrus wrote:Treasury bills subscription hit Sh62.26 billion at the weekly auction with the Central Bank of Kenya (CBK) accepting about a third at Sh18.34 billion, turning away Sh43 billion. The 364-day paper continued to get the most interest, receiving bids worth Sh34.58 billion — a 345.87 per cent subscription rate — as investors sought to lengthen investment duration. CBK accepted just Sh10.8 billion from the paper. https://www.nation.co.ke...17204-eci4l4/index.html
Banks hoarding cash ama? Info was already out that a longer dated bond was to be issued for this months primary makes sense for banks to put their funds into t bills... Look at how the 182 day rate went down... Crazy, can't understand but anyway still better than banks! FXD 2/2018/20 Hii italipwo kweli, @Maka is it true that GoK has ever defaulted on payment of interest & payment of principal investment in bonds & tbills in late 90s. Tafasali elimika mimi preeese!!! In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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Angelica _ann wrote:maka wrote:Taurrus wrote:maka wrote:Taurrus wrote:Treasury bills subscription hit Sh62.26 billion at the weekly auction with the Central Bank of Kenya (CBK) accepting about a third at Sh18.34 billion, turning away Sh43 billion. The 364-day paper continued to get the most interest, receiving bids worth Sh34.58 billion — a 345.87 per cent subscription rate — as investors sought to lengthen investment duration. CBK accepted just Sh10.8 billion from the paper. https://www.nation.co.ke...17204-eci4l4/index.html
Banks hoarding cash ama? Info was already out that a longer dated bond was to be issued for this months primary makes sense for banks to put their funds into t bills... Look at how the 182 day rate went down... Crazy, can't understand but anyway still better than banks! FXD 2/2018/20 Hii italipwo kweli, @Maka is it true that GoK has ever defaulted on payment of interest & payment of principal investment in bonds & tbills in late 90s. Tafasali elimika mimi preeese!!! Il have to check on that (am still a very young kijana ) ... Maybe 92 there about am sure the rates were crazy... Kulipa watalipa... Like I said before if they dare default that's the end. possunt quia posse videntur
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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 possunt quia posse videntur
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