T-bill rates is a useless lagging indicator. Market is usually forward-looking.

When you go back to Aug 2002 the market bottomed out with Tb rate at 9.4%. A year later the tb rate dropped to 0.843%

2009 Feb market bottomed out GFC crisis with Tb rate at 7.99%. T bill rate waited till July 2010 to hit 1.462%

2011 Nov. through 2012 market rallied from 2785 to 5k with Tb rates at 20.69% in Dec 2012

Tbill is the meeting place for lazy bankers and fund managers.

T-bill rates is a useless lagging indicator. Market is usually forward-looking.

When you go back to Aug 2002 the market bottomed out with Tb rate at 9.4%. A year later the tb rate dropped to 0.843%

2009 Feb market bottomed out GFC crisis with Tb rate at 7.99%. T bill rate waited till July 2010 to hit 1.462%

2011 Nov. through 2012 market rallied from 2785 to 5k with Tb rates at 20.69% in Dec 2012

Tbill is the meeting place for lazy bankers and fund managers.

I didn't say wait till it bottoms out, just untill a downtrend is confirmed

The infrastructure bonds (IFBs) sold by the government this year are trading at a premium in the secondary market at the Nairobi Securities Exchange (NSE) on elevated demand from retail buyers chasing the high, interest-free interest rates on the two papers.

The 17-year IFB sold in March, the 7-year one floated in June, and the 6.5-year paper sold earlier this month are the only three active bonds that traded above their par, or face value, in Friday’s session.

Hail Mary pass