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Treasury Bills and Bonds
snipermnoma
#101 Posted : Sunday, January 10, 2016 12:18:50 PM
Rank: Member

Joined: 1/3/2014
Posts: 257
Last week results

Issue Number Auction Date Average Interest Rate
2143/091 13th January, 2016 11.398
2124/182 14th January, 2016 13.164
2050/364 14th January, 2016 13.803
maka
#102 Posted : Thursday, January 21, 2016 10:43:07 AM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
Results for 2 year and 10 year auction:

2yr coupon @ 15.760% (+98bps). Market avg. @ 16.181% (+79bps). Subs 74%. Bids 30.4b. Acceptd 20.2b. Bid rejection rate for 2yr & 10yr at 27% & 18% respectively. 10yr yield @ 16.132% (+325bps). Market avg. @ 16.585% (+355bps). Subs 34%. Bids 5.9b. Acceptd 4.0b.

Out of 35B they need the government just raised 24.2B...kuna shida kubwa sana.
possunt quia posse videntur
Spikes
#103 Posted : Thursday, January 21, 2016 11:01:51 AM
Rank: Elder

Joined: 9/20/2015
Posts: 2,811
Location: Mombasa
maka wrote:
Results for 2 year and 10 year auction:

2yr coupon @ 15.760% (+98bps). Market avg. @ 16.181% (+79bps). Subs 74%. Bids 30.4b. Acceptd 20.2b. Bid rejection rate for 2yr & 10yr at 27% & 18% respectively. 10yr yield @ 16.132% (+325bps). Market avg. @ 16.585% (+355bps). Subs 34%. Bids 5.9b. Acceptd 4.0b.

Out of 35B they need the government just raised 24.2B...kuna shida kubwa sana.


Hakuna shida only the rates are not attractive vis-a-vis other investment options.
John 5:17 But Jesus replied, “My Father is always working, and so am I.”
mlennyma
#104 Posted : Thursday, January 21, 2016 11:08:49 AM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
Spikes wrote:
maka wrote:
Results for 2 year and 10 year auction:

2yr coupon @ 15.760% (+98bps). Market avg. @ 16.181% (+79bps). Subs 74%. Bids 30.4b. Acceptd 20.2b. Bid rejection rate for 2yr & 10yr at 27% & 18% respectively. 10yr yield @ 16.132% (+325bps). Market avg. @ 16.585% (+355bps). Subs 34%. Bids 5.9b. Acceptd 4.0b.

Out of 35B they need the government just raised 24.2B...kuna shida kubwa sana.


Hakuna shida only the rates are not attractive vis-a-vis other investment options.

this rates are attractive its only that investors know how hungry the govt is and the limited options it has other than giving in to higher rates
"Don't let the fear of losing be greater than the excitement of winning."
maka
#105 Posted : Thursday, January 21, 2016 12:24:58 PM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
mlennyma wrote:
Spikes wrote:
maka wrote:
Results for 2 year and 10 year auction:

2yr coupon @ 15.760% (+98bps). Market avg. @ 16.181% (+79bps). Subs 74%. Bids 30.4b. Acceptd 20.2b. Bid rejection rate for 2yr & 10yr at 27% & 18% respectively. 10yr yield @ 16.132% (+325bps). Market avg. @ 16.585% (+355bps). Subs 34%. Bids 5.9b. Acceptd 4.0b.

Out of 35B they need the government just raised 24.2B...kuna shida kubwa sana.


Hakuna shida only the rates are not attractive vis-a-vis other investment options.

this rates are attractive its only that investors know how hungry the govt is and the limited options it has other than giving in to higher rates


You pay 83.33 for every 100...13.36% net return...not bad at all.
possunt quia posse videntur
maka
#106 Posted : Thursday, January 28, 2016 9:14:30 AM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
https://www.centralbank....16/2126-1822052-364.pdf

Results for the 182 and 364...
possunt quia posse videntur
PeterReborn
#107 Posted : Thursday, January 28, 2016 9:40:50 AM
Rank: Veteran

Joined: 1/3/2014
Posts: 1,063
maka wrote:
https://www.centralbank.go.ke/images/docs/tbillsresults/2016/2126-1822052-364.pdf

Results for the 182 and 364...

Applause Applause We are headed to 15%
Consistency is better than intensity
maka
#108 Posted : Thursday, January 28, 2016 9:43:49 AM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
PeterReborn wrote:
maka wrote:
https://www.centralbank.go.ke/images/docs/tbillsresults/2016/2126-1822052-364.pdf

Results for the 182 and 364...

Applause Applause We are headed to 15%


Past 15%...look at the 364 day they only took 1.475B they are missing collection targets...
possunt quia posse videntur
hisah
#109 Posted : Thursday, January 28, 2016 4:17:34 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
maka wrote:
PeterReborn wrote:
maka wrote:
https://www.centralbank.go.ke/images/docs/tbillsresults/2016/2126-1822052-364.pdf

Results for the 182 and 364...

Applause Applause We are headed to 15%


Past 15%...look at the 364 day they only took 1.475B they are missing collection targets...

Still undersubscribed episodes continue on the long end since investors snubbed the 2yr tax free bond in Dec 2015. Gravitating towards the bidless blackhole...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
maka
#110 Posted : Thursday, January 28, 2016 5:16:51 PM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
hisah wrote:
maka wrote:
PeterReborn wrote:
maka wrote:
https://www.centralbank.go.ke/images/docs/tbillsresults/2016/2126-1822052-364.pdf

Results for the 182 and 364...

Applause Applause We are headed to 15%


Past 15%...look at the 364 day they only took 1.475B they are missing collection targets...

Still undersubscribed episodes continue on the long end since investors snubbed the 2yr tax free bond in Dec 2015. Gravitating towards the bidless blackhole...


I think we are just postponing the inevitable...for the 1.2016.2 and 1.13.10 reopen gava missed collection by around 11B for the tbills 91,182 and 364 issued this Jan another 5B + so where will they get 16B from to plug this deficit....?rates will have to go high when they are forced to take higher bids in auctions in subsequent months or do another eurobond or was it a Surkuk bond...Samurai bond maybe...
possunt quia posse videntur
173 Pages«<910111213>»
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