Wazua
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T-bill advise
Rank: Elder Joined: 4/30/2008 Posts: 6,029
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Impunity wrote:kasibitta wrote:Impunity wrote:kasibitta wrote:Impunity wrote:Impunity wrote:jerry wrote:Impunity wrote:kasibitta wrote:Speculz wrote:How does one know your account has been opened? Do they notify you or you have to visit physically? @speculz.After seven days they are supposed to send you an email with your details.But being the govt style CBK, you better visit them and enquire after the seven days.They will then write for you on paper your CDS account number and Virtual account. I am still waiting for my details on email, more than two months later.Good thing , i did walk myself there and got it written for me. Let the guy walk to CBK and demand his CDS account as long as the 7 working days had elapsed,this is the gaaament he is dealing with. You will even be told that your resident bank has not responded with sijui SWIFT response and therefore you also need to head to your bank HQ and make some following there, kupata pesa sio rahisi hivyo. Two weeks later I'm waiting for a call from them, Meru CBK-CASH OFFICE! I left them with an application for one year T-Bill. By the time you get the CDS account the rates would have fallen back to 8%. Can you call them. @Wailer's prophesy is coming true?  Quote:This week the Central Bank of Kenya offered 182 and 364 Days Treasury Bills for a total of Kshs.8 Billion. The total number of bids received was 285 amounting to Kshs.19.197 Billion representing 479.94% subscription and 873 bids amounting to Kshs.40.90 Billion representing 1,022.51% subscription for 182 and 364 days, respectively. Bids accepted amounted to Kshs.5.60 Billion for 182 days and Kshs.7.07 Billion for 364 days Treasury Bills. The weighted average rate of accepted bids, which will be applied for non-competitive bids, was 21.028% for the 182-day and 21.212% for 364-day Treasury Bills. The other auction statistics are summarised in the table below. Yaani 1000% over-subscription...Kenyans with there peculiarity!!!  Bids of 40.9 B and only 5.6 B accepted.This is crazy shit.What were guys quoting as the interest rate? 40%???.Kenyans But the market weighted average is 22.33%, so quoting 40% plus is liely to have been quoted...I think a phone call from the house on the hill was obeyed; "chukua kidogo tu and artificially show the rate are dropping". @Impunity...can a small man with less than 20Million also quote their expected interest rate ama they can only indicate market average rate? I wouldnt mind quoting a funny figure...if i get well and good , if not i just move on.... For starters, individual @wanjikus like you are only allowed to bid a max of 20 million shillings per offer. Compared to institutional bidders and diaspora institutional dollar denominated bidders putting hundreds of millions plus,your meager amount will be rejected ab initio...Just quote within +200 basis point or simply leave it as non-competitive... watu wako na pesa hapa nje and 20 million is pocket change for them. What is an institutional investor? Can Otieno limited be an institutional investor?
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Rank: Elder Joined: 3/2/2009 Posts: 26,328 Location: Masada
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mawinder wrote:Impunity wrote:kasibitta wrote:Impunity wrote:kasibitta wrote:Impunity wrote:Impunity wrote:jerry wrote:Impunity wrote:kasibitta wrote:Speculz wrote:How does one know your account has been opened? Do they notify you or you have to visit physically? @speculz.After seven days they are supposed to send you an email with your details.But being the govt style CBK, you better visit them and enquire after the seven days.They will then write for you on paper your CDS account number and Virtual account. I am still waiting for my details on email, more than two months later.Good thing , i did walk myself there and got it written for me. Let the guy walk to CBK and demand his CDS account as long as the 7 working days had elapsed,this is the gaaament he is dealing with. You will even be told that your resident bank has not responded with sijui SWIFT response and therefore you also need to head to your bank HQ and make some following there, kupata pesa sio rahisi hivyo. Two weeks later I'm waiting for a call from them, Meru CBK-CASH OFFICE! I left them with an application for one year T-Bill. By the time you get the CDS account the rates would have fallen back to 8%. Can you call them. @Wailer's prophesy is coming true? Quote:This week the Central Bank of Kenya offered 182 and 364 Days Treasury Bills for a total of Kshs.8 Billion. The total number of bids received was 285 amounting to Kshs.19.197 Billion representing 479.94% subscription and 873 bids amounting to Kshs.40.90 Billion representing 1,022.51% subscription for 182 and 364 days, respectively. Bids accepted amounted to Kshs.5.60 Billion for 182 days and Kshs.7.07 Billion for 364 days Treasury Bills. The weighted average rate of accepted bids, which will be applied for non-competitive bids, was 21.028% for the 182-day and 21.212% for 364-day Treasury Bills. The other auction statistics are summarised in the table below. Yaani 1000% over-subscription...Kenyans with there peculiarity!!! Bids of 40.9 B and only 5.6 B accepted.This is crazy shit.What were guys quoting as the interest rate? 40%???.Kenyans But the market weighted average is 22.33%, so quoting 40% plus is liely to have been quoted...I think a phone call from the house on the hill was obeyed; "chukua kidogo tu and artificially show the rate are dropping". @Impunity...can a small man with less than 20Million also quote their expected interest rate ama they can only indicate market average rate? I wouldnt mind quoting a funny figure...if i get well and good , if not i just move on.... For starters, individual @wanjikus like you are only allowed to bid a max of 20 million shillings per offer. Compared to institutional bidders and diaspora institutional dollar denominated bidders putting hundreds of millions plus,your meager amount will be rejected ab initio...Just quote within +200 basis point or simply leave it as non-competitive... watu wako na pesa hapa nje and 20 million is pocket change for them. What is an institutional investor? Can Otieno limited be an institutional investor? hehehe Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Member Joined: 1/1/2010 Posts: 511 Location: kandara, Murang'a
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Impunity wrote:gatoho wrote:jerry wrote:I have been requested ,via phone, to buy a banker's cheque for 85,159/=. Given that I had applied for 100k T-Bill ( 364day ), what is the interest rate now? I got the same. 21.2% You are lucky yo got in while its still above 20%, this thing will plummet within the next couple of weeks. And KES. 100,000 is not an amount worth investing investing in T-Bills/or Bonds. Thats meager, a Million shillings should be the minimum if you ask me. You would have done better buying a few bags of maize huko Uasin Gishu and holding till Njaaanuary and make a kill...double your 100K. What I'd you do a 100 weekly? Foresight..
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Rank: Elder Joined: 4/30/2008 Posts: 6,029
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Today I hear the 91 day tbill was at 19.5 and was massively oversubscribed
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Rank: Member Joined: 12/1/2007 Posts: 539 Location: Nakuru
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Impunity wrote:jerry wrote:Impunity wrote:kasibitta wrote:Speculz wrote:How does one know your account has been opened? Do they notify you or you have to visit physically? @speculz.After seven days they are supposed to send you an email with your details.But being the govt style CBK, you better visit them and enquire after the seven days.They will then write for you on paper your CDS account number and Virtual account. I am still waiting for my details on email, more than two months later.Good thing , i did walk myself there and got it written for me. Let the guy walk to CBK and demand his CDS account as long as the 7 working days had elapsed,this is the gaaament he is dealing with. You will even be told that your resident bank has not responded with sijui SWIFT response and therefore you also need to head to your bank HQ and make some following there, kupata pesa sio rahisi hivyo. Two weeks later I'm waiting for a call from them, Meru CBK-CASH OFFICE! I left them with an application for one year T-Bill. By the time you get the CDS account the rates would have fallen back to 8%. Can you call them. I think it is a deliberate attempt to lessen the massive shift to Govt paper. I am 3 weeks after applying, CDS not ready, they claim a backlog as many people are opening up CBK CDSs... For investors as a whole, returns decrease as motion increases ~ WB
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Rank: Member Joined: 1/3/2014 Posts: 257
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mawinder wrote:Today I hear the 91 day tbill was at 19.5 and was massively oversubscribed Yes, 91 day had 826.28% subscription, 33B while only 4B was being sort. Rate is now 19.471% and about 6.9B. Looks like many bids were too high and CB was having none of it.
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Rank: Elder Joined: 11/7/2007 Posts: 2,182
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The average ones are taken first could be they were enough LOVE WHAT YOU DO, DO WHAT YOU LOVE.
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Rank: Elder Joined: 11/7/2007 Posts: 2,182
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winmak wrote:Impunity wrote:jerry wrote:Impunity wrote:kasibitta wrote:Speculz wrote:How does one know your account has been opened? Do they notify you or you have to visit physically? @speculz.After seven days they are supposed to send you an email with your details.But being the govt style CBK, you better visit them and enquire after the seven days.They will then write for you on paper your CDS account number and Virtual account. I am still waiting for my details on email, more than two months later.Good thing , i did walk myself there and got it written for me. Let the guy walk to CBK and demand his CDS account as long as the 7 working days had elapsed,this is the gaaament he is dealing with. You will even be told that your resident bank has not responded with sijui SWIFT response and therefore you also need to head to your bank HQ and make some following there, kupata pesa sio rahisi hivyo. Two weeks later I'm waiting for a call from them, Meru CBK-CASH OFFICE! I left them with an application for one year T-Bill. By the time you get the CDS account the rates would have fallen back to 8%. Can you call them. I think it is a deliberate attempt to lessen the massive shift to Govt paper. I am 3 weeks after applying, CDS not ready, they claim a backlog as many people are opening up CBK CDSs... That's normal; in 2011 i waited for 4 weeks! , t_bills moved from 19 to 13 % during the waiting period LOVE WHAT YOU DO, DO WHAT YOU LOVE.
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Rank: Elder Joined: 3/2/2009 Posts: 26,328 Location: Masada
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gatoho wrote:Impunity wrote:gatoho wrote:jerry wrote:I have been requested ,via phone, to buy a banker's cheque for 85,159/=. Given that I had applied for 100k T-Bill ( 364day ), what is the interest rate now? I got the same. 21.2% You are lucky yo got in while its still above 20%, this thing will plummet within the next couple of weeks. And KES. 100,000 is not an amount worth investing investing in T-Bills/or Bonds. Thats meager, a Million shillings should be the minimum if you ask me. You would have done better buying a few bags of maize huko Uasin Gishu and holding till Njaaanuary and make a kill...double your 100K. What I'd you do a 100 weekly? Ilikuja na dhow during powered by monsoon winds! Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Elder Joined: 3/2/2009 Posts: 26,328 Location: Masada
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winmak wrote:Impunity wrote:jerry wrote:Impunity wrote:kasibitta wrote:Speculz wrote:How does one know your account has been opened? Do they notify you or you have to visit physically? @speculz.After seven days they are supposed to send you an email with your details.But being the govt style CBK, you better visit them and enquire after the seven days.They will then write for you on paper your CDS account number and Virtual account. I am still waiting for my details on email, more than two months later.Good thing , i did walk myself there and got it written for me. Let the guy walk to CBK and demand his CDS account as long as the 7 working days had elapsed,this is the gaaament he is dealing with. You will even be told that your resident bank has not responded with sijui SWIFT response and therefore you also need to head to your bank HQ and make some following there, kupata pesa sio rahisi hivyo. Two weeks later I'm waiting for a call from them, Meru CBK-CASH OFFICE! I left them with an application for one year T-Bill. By the time you get the CDS account the rates would have fallen back to 8%. Can you call them. I think it is a deliberate attempt to lessen the massive shift to Govt paper. I am 3 weeks after applying, CDS not ready, they claim a backlog as many people are opening up CBK CDSs... Walk to your bank treasury department and demand to know whats cooking. The banks are delaying the process of opening the CBK CDS account to frustrate you so that you keep your money in their account and earn meager 5% pa! Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Member Joined: 12/1/2007 Posts: 539 Location: Nakuru
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kyt wrote:winmak wrote:Impunity wrote:jerry wrote:Impunity wrote:kasibitta wrote:Speculz wrote:How does one know your account has been opened? Do they notify you or you have to visit physically? @speculz.After seven days they are supposed to send you an email with your details.But being the govt style CBK, you better visit them and enquire after the seven days.They will then write for you on paper your CDS account number and Virtual account. I am still waiting for my details on email, more than two months later.Good thing , i did walk myself there and got it written for me. Let the guy walk to CBK and demand his CDS account as long as the 7 working days had elapsed,this is the gaaament he is dealing with. You will even be told that your resident bank has not responded with sijui SWIFT response and therefore you also need to head to your bank HQ and make some following there, kupata pesa sio rahisi hivyo. Two weeks later I'm waiting for a call from them, Meru CBK-CASH OFFICE! I left them with an application for one year T-Bill. By the time you get the CDS account the rates would have fallen back to 8%. Can you call them. I think it is a deliberate attempt to lessen the massive shift to Govt paper. I am 3 weeks after applying, CDS not ready, they claim a backlog as many people are opening up CBK CDSs... That's normal; in 2011 i waited for 4 weeks! , t_bills moved from 19 to 13 % during the waiting period  at least I will ride the next wave... This one is painfully passing by as I watch For investors as a whole, returns decrease as motion increases ~ WB
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Rank: Elder Joined: 3/2/2009 Posts: 26,328 Location: Masada
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winmak wrote:kyt wrote:winmak wrote:Impunity wrote:jerry wrote:Impunity wrote:kasibitta wrote:Speculz wrote:How does one know your account has been opened? Do they notify you or you have to visit physically? @speculz.After seven days they are supposed to send you an email with your details.But being the govt style CBK, you better visit them and enquire after the seven days.They will then write for you on paper your CDS account number and Virtual account. I am still waiting for my details on email, more than two months later.Good thing , i did walk myself there and got it written for me. Let the guy walk to CBK and demand his CDS account as long as the 7 working days had elapsed,this is the gaaament he is dealing with. You will even be told that your resident bank has not responded with sijui SWIFT response and therefore you also need to head to your bank HQ and make some following there, kupata pesa sio rahisi hivyo. Two weeks later I'm waiting for a call from them, Meru CBK-CASH OFFICE! I left them with an application for one year T-Bill. By the time you get the CDS account the rates would have fallen back to 8%. Can you call them. I think it is a deliberate attempt to lessen the massive shift to Govt paper. I am 3 weeks after applying, CDS not ready, they claim a backlog as many people are opening up CBK CDSs... That's normal; in 2011 i waited for 4 weeks! , t_bills moved from 19 to 13 % during the waiting period at least I will ride the next wave... This one is painfully passing by as I watch I tell you again, finally, walk into your bank NOW and demand status! Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Member Joined: 1/1/2010 Posts: 511 Location: kandara, Murang'a
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Impunity wrote:gatoho wrote:Impunity wrote:gatoho wrote:jerry wrote:I have been requested ,via phone, to buy a banker's cheque for 85,159/=. Given that I had applied for 100k T-Bill ( 364day ), what is the interest rate now? I got the same. 21.2% You are lucky yo got in while its still above 20%, this thing will plummet within the next couple of weeks. And KES. 100,000 is not an amount worth investing investing in T-Bills/or Bonds. Thats meager, a Million shillings should be the minimum if you ask me. You would have done better buying a few bags of maize huko Uasin Gishu and holding till Njaaanuary and make a kill...double your 100K. What I'd you do a 100 weekly? Ilikuja na dhow during powered by monsoon winds! Autocorrect. Meant what if you do 100k weekly. The 100k ain't as kids go as you want to make i Foresight..
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Rank: Member Joined: 1/1/2010 Posts: 511 Location: kandara, Murang'a
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gatoho wrote:Impunity wrote:gatoho wrote:Impunity wrote:gatoho wrote:jerry wrote:I have been requested ,via phone, to buy a banker's cheque for 85,159/=. Given that I had applied for 100k T-Bill ( 364day ), what is the interest rate now? I got the same. 21.2% You are lucky yo got in while its still above 20%, this thing will plummet within the next couple of weeks. And KES. 100,000 is not an amount worth investing investing in T-Bills/or Bonds. Thats meager, a Million shillings should be the minimum if you ask me. You would have done better buying a few bags of maize huko Uasin Gishu and holding till Njaaanuary and make a kill...double your 100K. What I'd you do a 100 weekly? Ilikuja na dhow during powered by monsoon winds! Autocorrect. Meant what if you do 100k weekly. The 100k ain't as kids go as you want to make it Grrrr kidogo not kids!! 100k not kidogo especially if from business proceeds Foresight..
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Rank: Member Joined: 8/17/2007 Posts: 294
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As you rush to buy tbills i believe none of you has a bank loan... Coz thats what u should be clearing first..
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Rank: Elder Joined: 3/2/2009 Posts: 26,328 Location: Masada
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instinct wrote:As you rush to buy tbills i believe none of you has a bank loan... Coz thats what u should be clearing first.. WE ARE VERY MUCH LIQUID!!!Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Member Joined: 7/17/2014 Posts: 132 Location: Wherethewindblows
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Impunity wrote:[quote=instinct]As you rush to buy tbills i believe none of you has a bank loan... Coz thats what u should be clearing first.. True, What next has the government mopped up all the money they wanted? Bonds? You have to learn the rules of the game. And then you have to play better than anyone else - Albert Einstein
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Rank: Elder Joined: 6/23/2009 Posts: 13,501 Location: nairobi
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Impunity wrote:instinct wrote:As you rush to buy tbills i believe none of you has a bank loan... Coz thats what u should be clearing first.. WE ARE VERY MUCH LIQUID!!! Sound advice @instinct
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 3/2/2009 Posts: 26,328 Location: Masada
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obiero wrote:Impunity wrote:instinct wrote:As you rush to buy tbills i believe none of you has a bank loan... Coz thats what u should be clearing first.. WE ARE VERY MUCH LIQUID!!! Sound advice @instinct For those who are indebted, only! Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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@Winmak am looking for you... possunt quia posse videntur
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