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30yr bond at 12%. Any takers?
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VituVingiSana
#41 Posted : Thursday, February 24, 2011 10:26:45 AM
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Joined: 1/3/2007
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Location: Nairobi
http://www.centralbank.g...onds/manualresults.aspx

So what was the cut-off rate? How do you find out?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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kizee1
#42 Posted : Thursday, February 24, 2011 11:03:59 AM
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Location: nairobi
cutoff-12 pct, total bids 18yds of which 8yds was accepted...so much for buying it at a discount i guess
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VituVingiSana
#43 Posted : Thursday, February 24, 2011 11:42:14 AM
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Joined: 1/3/2007
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Location: Nairobi
Cut-off must be higher than 12% [the average accepted bid was 12.959%]
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Intelligentsia
#44 Posted : Friday, February 25, 2011 8:43:18 PM
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Joined: 10/1/2009
Posts: 2,436
never thought there would be a big uptake by the retail market... plus 'more headroom for re-opening of the bond for second time'

http://www.businessdaily.../-/15iwwww/-/index.html








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VituVingiSana
#45 Posted : Saturday, February 26, 2011 3:03:20 PM
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Location: Nairobi
[quote=Intelligentsia]never thought there would be a big uptake by the retail market... plus 'more headroom for re-opening of the bond for second time'

http://www.businessdaily.../-/15iwwww/-/index.html[/quote] How do you determine it is retail?

Most of the winning bids may be from Banks, Pension Firms/Managers & Insurance Firms [Note that most bids/tenders were competitive]
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Genghis Khan
#46 Posted : Monday, February 28, 2011 8:47:57 AM
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Joined: 8/5/2010
Posts: 335
Location: Nairobi
msimon wrote:
2012 wrote:
Kirika wrote:

The interest should have atleast been 15%, atleast given the duration.


Ati 15%? And you'll still expect banks to give mortgages at below 15% while they can put it here where there's guaranteed returns?

I personally don't think it's too bad after all and if I'm not wrong if you compound 1m at 12.5% x30yrs it's well over 30m. Fantastic way to save for retirement ama?

You know, there's a greater probability that in the next 30yrs, you could buy that bond at 90 and a slight probability that you could also buy it at 80. Now if your patient and you consider getting good returns for your shilling. I think you could wait and buy it over the next 30 yrs at say 80. Markets can be irrational.


I don't follow the logic...you expect interest rates to go up in the medium / long term?
"I'd rather be lucky than clever... every time!" - ME
"The problem is not what we don't know... it's what we know for sure that just ain't!" - MARK TWAIN
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  | | Edit by user: Monday, February 28, 2011 8:50 AM | Reason: Not specified
Muthawamunene
#47 Posted : Wednesday, March 16, 2011 10:41:04 PM
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Joined: 1/3/2011
Posts: 264
Location: Nairobi
hell yeah id get that paper. maybe a year or two from now i hope to get one at kedo 96-97 range. when stocks pick up.
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SAC Cohen
#48 Posted : Monday, May 30, 2011 10:30:55 AM
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Joined: 1/3/2011
Posts: 129
Location: Nairobi
kizee1 wrote:
no wonder njuguna ndungu says every market has a mad man


hahahaha... was looking at this post after last week's TBILL & TBond Results...

I guess between Ndungu and I , one of us must be MAD.

DARE I SAY 13% on the 182-day T-bill this week?
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Sufficiently Philanga....thropic
#49 Posted : Monday, May 30, 2011 10:52:32 AM
Rank: Elder

Joined: 9/23/2010
Posts: 2,225
Location: Sundowner,Amboseli
And now 12% for a 30 year bond now seems like open day robbery. Cant imagine the paper losses to be reported by all the institutional investors come year end if the interest rates keep going up.
And yes, this bond could as well come down to 90!
@SufficientlyP
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invest0r
#50 Posted : Monday, May 30, 2011 11:20:03 AM
Rank: Member

Joined: 12/15/2010
Posts: 162
Laughing out loudly
SAC Cohen wrote:
kizee1 wrote:
no wonder njuguna ndungu says every market has a mad man


hahahaha... was looking at this post after last week's TBILL & TBond Results...

I guess between Ndungu and I , one of us must be MAD.

DARE I SAY 13% on the 182-day T-bill this week?



13% for the 182 day bill sounds very ambitious in the current week. But we are slowly steadily heading to those levels. After all, the paper has tested 13% in the past, in 2001

I think this is not the time to touch the long term papers, unless its at 30% and above Laughing out loudly Laughing out loudly Laughing out loudly
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