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Chaka		#61 Posted : Tuesday, January 27, 2015 6:10:15 PM
Rank: Elder Joined: 2/16/2007 Posts: 2,114		chiaroscuro wrote: Kabando and Jaindi simply don't get it! The reason many "small investors" don't put money in T-Bills is NOT because they can't raise sh100k. It's because they don't know how to buy t-bills. In addition, the media [including the likes of Jaindi] have created the false impression that only banks with hundreds of millions of shillings can invest in t-bills. Secondly, the Jaindi-Kabando types have also created the false impression that t-bills are the highest interest earning deposits available. Again that is so untrue! If you ask me, if you don't have enough money to make a competitive t-bill bid, just put you money in an MMF. You'll get higher interest and you have access to your money withing 72hrs. With t-bills, you have to wait 12 weeks for the damn thing to mature![/quote] I agree.So who is supposed to educate the "small investors" how to invest in T-Bills?
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chiaroscuro		#62 Posted : Wednesday, January 28, 2015 7:54:10 AM
Rank: Veteran Joined: 2/2/2012 Posts: 1,134 Location: Nairobi		Chaka wrote: chiaroscuro wrote: Kabando and Jaindi simply don't get it! The reason many "small investors" don't put money in T-Bills is NOT because they can't raise sh100k. It's because they don't know how to buy t-bills. In addition, the media [including the likes of Jaindi] have created the false impression that only banks with hundreds of millions of shillings can invest in t-bills. Secondly, the Jaindi-Kabando types have also created the false impression that t-bills are the highest interest earning deposits available. Again that is so untrue! If you ask me, if you don't have enough money to make a competitive t-bill bid, just put you money in an MMF. You'll get higher interest and you have access to your money withing 72hrs. With t-bills, you have to wait 12 weeks for the damn thing to mature! I agree.So who is supposed to educate the "small investors" how to invest in T-Bills? The issuer of the Bills & Bonds, a.k.a., GoK. However, as long as every week the CB is able to sell all Bills on offer at competitive rates, "everyone" is happy. We must not forget that the bills are not sold in order to give the public an opportunity to invest; they are sold to meet GoK cash-flow requirements. If GoK had required cash, it wouldn't bother selling the bills! So, in the end, we must ask the question: Why do we want "small investors" in the T-bill market? After all, the "small investors" can get better rates elsewhere!
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maka		#63 Posted : Wednesday, February 04, 2015 12:45:08 PM
Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi		MLF happening today.... possunt quia posse videntur
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Chaka		#64 Posted : Wednesday, February 04, 2015 4:05:01 PM
Rank: Elder Joined: 2/16/2007 Posts: 2,114		Treasury bill auctions undersubscribed on tight liquidity
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Speculz		#65 Posted : Thursday, February 05, 2015 7:43:32 AM
Rank: Member Joined: 5/6/2011 Posts: 391 Location: Nairobi		Chaka wrote: Treasury bill auctions undersubscribed on tight liquidity Chaka , any idea on where to get more resources on investing in tbills? I see they say the 91 day bill has around 8% interest , does this mean you pay 8% less of whichever face value you invest in? "You can't have everything. Where would you put it?" - Stephen Wright
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holycow		#66 Posted : Thursday, February 05, 2015 8:30:28 AM
Rank: Veteran Joined: 11/11/2006 Posts: 972 Location: Home		Speculz wrote: Chaka wrote: Treasury bill auctions undersubscribed on tight liquidity Chaka , any idea on where to get more resources on investing in tbills? I see they say the 91 day bill has around 8% interest , does this mean you pay 8% less of whichever face value you invest in? The 8% is per annum. So what you'll get is 8/4 =approximately 2%. Read the thread below for more information. http://www.wazua.co.ke/forum.aspx?g=posts&m=399141
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Speculz		#67 Posted : Thursday, February 05, 2015 9:37:35 AM
Rank: Member Joined: 5/6/2011 Posts: 391 Location: Nairobi		holycow wrote: Speculz wrote: Chaka wrote: Treasury bill auctions undersubscribed on tight liquidity Chaka , any idea on where to get more resources on investing in tbills? I see they say the 91 day bill has around 8% interest , does this mean you pay 8% less of whichever face value you invest in? The 8% is per annum. So what you'll get is 8/4 =approximately 2%. Read the thread below for more information. http://www.wazua.co.ke/forum.aspx?g=posts&m=399141 Gracias "You can't have everything. Where would you put it?" - Stephen Wright
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derick		#68 Posted : Thursday, February 05, 2015 8:06:27 PM
Rank: Member Joined: 1/10/2015 Posts: 411		Kenya's central bank to sell 2-year, 10-year bonds in Feb - http://www.standardmedia...e/?articleID=2000150648 via @StandardKenya Your income is directly related to your philosophy, Not the economy.-Jim Rohn
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Thiong'o		#69 Posted : Wednesday, June 10, 2015 12:26:29 PM
Rank: Member Joined: 10/14/2011 Posts: 661		chiaroscuro wrote: Chaka wrote: chiaroscuro wrote: Kabando and Jaindi simply don't get it! The reason many "small investors" don't put money in T-Bills is NOT because they can't raise sh100k. It's because they don't know how to buy t-bills. In addition, the media [including the likes of Jaindi] have created the false impression that only banks with hundreds of millions of shillings can invest in t-bills. Secondly, the Jaindi-Kabando types have also created the false impression that t-bills are the highest interest earning deposits available. Again that is so untrue! If you ask me, if you don't have enough money to make a competitive t-bill bid, just put you money in an MMF. You'll get higher interest and you have access to your money withing 72hrs. With t-bills, you have to wait 12 weeks for the damn thing to mature! I agree.So who is supposed to educate the "small investors" how to invest in T-Bills? The issuer of the Bills & Bonds, a.k.a., GoK. However, as long as every week the CB is able to sell all Bills on offer at competitive rates, "everyone" is happy. We must not forget that the bills are not sold in order to give the public an opportunity to invest; they are sold to meet GoK cash-flow requirements. If GoK had required cash, it wouldn't bother selling the bills! So, in the end, we must ask the question: Why do we want "small investors" in the T-bill market? After all, the "small investors" can get better rates elsewhere! Uhuru rejects mobile T-bill investment The proposed amendments were sponsored by Mukurwe-ini MP Kabando wa Kabando, but were referred back to the House on May 27. A memorandum to Parliament delivered to MPs by Speaker Justin Muturi advises them to delete sub-section two of clause two of the Bill. “It therefore follows that there will be no amendment to CBK Act and the Finance, Planning and Trade committee is guided accordingly,” Mr Muturi said. http://www.businessdaily...6/-/gby8pq/-/index.html
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instinct		#70 Posted : Monday, November 23, 2015 4:37:55 PM
Rank: Member Joined: 8/17/2007 Posts: 294		Treasury has issued a 5yr bond. Considering the last 364day bill auction was priced at 12%, will the 5yr bond fetch higher rates? 17% would be nice... is this possible? experts please....
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