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Treasury Bills and Bonds
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maka
#1521 Posted : Tuesday, September 14, 2021 7:15:30 PM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
My 2 cents wrote:
Is there not a secondary market for the 21 year bonds? You dont have to hold to maturity.



There is a secondary market for all the bonds issued by the govt... Plus corporate bonds.
possunt quia posse videntur
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maka
#1522 Posted : Tuesday, September 14, 2021 7:19:43 PM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
MatataMingi wrote:
In other news, Tbill rates are creeping upwards.
I am 75 year old veteran of CBK investing, having first started about 40 years ago.
At my age, I cannot invest in these 21 year bonds.
I am waiting for 2 to 5 year bonds, but these are very rare nowadays.
CBK should consider these shorter term bonds. A lot of people like myself would move from Tbills to these bonds, thus helping CBK to spread their borrowing to more than 91/182/364 days.




It is so easy selling a bond in the secondary market these days. You forego around 2- 2.5% by buying those shorter end bonds.

If you look at the price list for the last few months the below 50 million section is flooded with small lots being sold. Retail activity has also increased many times over.

I know someone who is almost your age and has packed a sizeable amount in longer tenor papers mostly IFBs.
possunt quia posse videntur
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MatataMingi
#1523 Posted : Saturday, September 18, 2021 3:23:59 PM
Rank: Member

Joined: 11/17/2009
Posts: 399
Location: Where everyone knows you
@ maka. THANKS a lot. Much appreciated.
I have been just buying primary issues all this time,and holding them to maturity.
It would be GREAT if I could buy long term bonds and off load them when necessary. I could even buy bonds with 2 to 5 years left to maturity.

However, where do I find these offers? Is there a website that you can direct me to?
Thanks
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maka
#1524 Posted : Sunday, September 19, 2021 11:41:34 AM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
MatataMingi wrote:
@ maka. THANKS a lot. Much appreciated.
I have been just buying primary issues all this time,and holding them to maturity.
It would be GREAT if I could buy long term bonds and off load them when necessary. I could even buy bonds with 2 to 5 years left to maturity.

However, where do I find these offers? Is there a website that you can direct me to?
Thanks


Remember we run an OTC market it is all about negotiation. If you have a broker ask them to share their flows with you then you can negotiate with them. At least the retail market has picked up nicely so many papers available...
possunt quia posse videntur
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MatataMingi
#1525 Posted : Monday, September 20, 2021 3:46:41 PM
Rank: Member

Joined: 11/17/2009
Posts: 399
Location: Where everyone knows you
maka wrote:
MatataMingi wrote:
@ maka. THANKS a lot. Much appreciated.
I have been just buying primary issues all this time,and holding them to maturity.
It would be GREAT if I could buy long term bonds and off load them when necessary. I could even buy bonds with 2 to 5 years left to maturity.

However, where do I find these offers? Is there a website that you can direct me to?
Thanks


Remember we run an OTC market it is all about negotiation. If you have a broker ask them to share their flows with you then you can negotiate with them. At least the retail market has picked up nicely so many papers available...


@ maka, I don't have a broker.
Any recommendations?
Thanks
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maka
#1526 Posted : Tuesday, September 21, 2021 7:29:11 AM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
MatataMingi wrote:
maka wrote:
MatataMingi wrote:
@ maka. THANKS a lot. Much appreciated.
I have been just buying primary issues all this time,and holding them to maturity.
It would be GREAT if I could buy long term bonds and off load them when necessary. I could even buy bonds with 2 to 5 years left to maturity.

However, where do I find these offers? Is there a website that you can direct me to?
Thanks


Remember we run an OTC market it is all about negotiation. If you have a broker ask them to share their flows with you then you can negotiate with them. At least the retail market has picked up nicely so many papers available...


@ maka, I don't have a broker.
Any recommendations?
Thanks


I use either AIB (AIB -AXYS) or Genghis Capital... Both have worked perfectly well for me in terms of execution and also getting order flows. Rem on your ATS registration you can appoint up to 5 different brokers.
possunt quia posse videntur
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MatataMingi
#1527 Posted : Tuesday, September 21, 2021 2:13:16 PM
Rank: Member

Joined: 11/17/2009
Posts: 399
Location: Where everyone knows you
maka wrote:
MatataMingi wrote:
maka wrote:
MatataMingi wrote:
@ maka. THANKS a lot. Much appreciated.
I have been just buying primary issues all this time,and holding them to maturity.
It would be GREAT if I could buy long term bonds and off load them when necessary. I could even buy bonds with 2 to 5 years left to maturity.

However, where do I find these offers? Is there a website that you can direct me to?
Thanks


Remember we run an OTC market it is all about negotiation. If you have a broker ask them to share their flows with you then you can negotiate with them. At least the retail market has picked up nicely so many papers available...


@ maka, I don't have a broker.
Any recommendations?
Thanks


I use either AIB (AIB -AXYS) or Genghis Capital... Both have worked perfectly well for me in terms of execution and also getting order flows. Rem on your ATS registration you can appoint up to 5 different brokers.


Once again, thanks a lot maka.
Your assistance is highly appreciated.
I will check out these brokers.
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Tokyo
#1528 Posted : Friday, October 01, 2021 4:57:47 AM
Rank: Veteran

Joined: 10/9/2006
Posts: 1,502
Inflation higher than the current Treasury Bills on offer.
work to prosper
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maka
#1529 Posted : Friday, October 01, 2021 10:07:37 AM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
Tokyo wrote:
Inflation higher than the current Treasury Bills on offer.


Kitumbua kimeingia mchanga... Rates will have to shift upwards gradually... Guys will move from the 91 day and 182 day.... Lets wait and see what happens during the next auction.

possunt quia posse videntur
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MatataMingi
#1530 Posted : Friday, October 01, 2021 10:37:13 AM
Rank: Member

Joined: 11/17/2009
Posts: 399
Location: Where everyone knows you
In the meantime, there are some 15 year reopened Bonds on offer this month.
One of these has 6.4 years to maturity.
That will suit me quite well.
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