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Treasury Bills and Bonds
maka
#891 Posted : Thursday, June 21, 2018 8:52:40 AM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
KulaRaha wrote:
How does CBK issue a 25 year paper knowing full well the rate cap may go shortly?

Daftness.


possunt quia posse videntur
Angelica _ann
#892 Posted : Thursday, June 21, 2018 9:47:55 AM
Rank: Elder

Joined: 12/7/2012
Posts: 11,935
maka wrote:
maka wrote:
Predictions on the 25 year closing tomorrow?




Very low subscription and even lower acceptance rate, any reason?
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
maka
#893 Posted : Thursday, June 21, 2018 12:31:49 PM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
Angelica _ann wrote:
maka wrote:
maka wrote:
Predictions on the 25 year closing tomorrow?




Very low subscription and even lower acceptance rate, any reason?


CBK just being mean under the opus dei guy... Banks normally dont go for long tenor bonds this is a preserve of pension schemes... Insurance guys etc... Some went it in as high as 13.90.... 13.57 missed so cutoff is way low maybe 13.5 max
possunt quia posse videntur
maka
#894 Posted : Thursday, June 21, 2018 12:33:35 PM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
Taurrus wrote:
Treasury bills subscription hit Sh62.26 billion at the weekly auction with the Central Bank of Kenya (CBK) accepting about a third at Sh18.34 billion, turning away Sh43 billion.

The 364-day paper continued to get the most interest, receiving bids worth Sh34.58 billion — a 345.87 per cent subscription rate — as investors sought to lengthen investment duration. CBK accepted just Sh10.8 billion from the paper.

https://www.nation.co.ke...17204-eci4l4/index.html

Banks hoarding cash ama?


Info was already out that a longer dated bond was to be issued for this months primary makes sense for banks to put their funds into t bills... Look at how the 182 day rate went down...
possunt quia posse videntur
Taurrus
#895 Posted : Thursday, June 21, 2018 9:45:09 PM
Rank: Member

Joined: 8/25/2015
Posts: 839
Location: Kite
maka wrote:
Taurrus wrote:
Treasury bills subscription hit Sh62.26 billion at the weekly auction with the Central Bank of Kenya (CBK) accepting about a third at Sh18.34 billion, turning away Sh43 billion.

The 364-day paper continued to get the most interest, receiving bids worth Sh34.58 billion — a 345.87 per cent subscription rate — as investors sought to lengthen investment duration. CBK accepted just Sh10.8 billion from the paper.

https://www.nation.co.ke...17204-eci4l4/index.html

Banks hoarding cash ama?


Info was already out that a longer dated bond was to be issued for this months primary makes sense for banks to put their funds into t bills... Look at how the 182 day rate went down...


Crazy, can't understand but anyway still better than banks!
Ericsson
#896 Posted : Thursday, June 21, 2018 11:11:44 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
maka wrote:
Angelica _ann wrote:
maka wrote:
maka wrote:
Predictions on the 25 year closing tomorrow?




Very low subscription and even lower acceptance rate, any reason?


CBK just being mean under the opus dei guy... Banks normally dont go for long tenor bonds this is a preserve of pension schemes... Insurance guys etc... Some went it in as high as 13.90.... 13.57 missed so cutoff is way low maybe 13.5 max


Market weighted average rate is higher than the current interest rates for lending

Interest rates cap law needs to be repealed like yesterday
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
maka
#897 Posted : Wednesday, July 25, 2018 6:17:12 PM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
Taurrus wrote:
maka wrote:
Taurrus wrote:
Treasury bills subscription hit Sh62.26 billion at the weekly auction with the Central Bank of Kenya (CBK) accepting about a third at Sh18.34 billion, turning away Sh43 billion.

The 364-day paper continued to get the most interest, receiving bids worth Sh34.58 billion — a 345.87 per cent subscription rate — as investors sought to lengthen investment duration. CBK accepted just Sh10.8 billion from the paper.

https://www.nation.co.ke...17204-eci4l4/index.html

Banks hoarding cash ama?


Info was already out that a longer dated bond was to be issued for this months primary makes sense for banks to put their funds into t bills... Look at how the 182 day rate went down...


Crazy, can't understand but anyway still better than banks!


FXD 2/2018/20

possunt quia posse videntur
Angelica _ann
#898 Posted : Wednesday, July 25, 2018 6:30:44 PM
Rank: Elder

Joined: 12/7/2012
Posts: 11,935
maka wrote:
Taurrus wrote:
maka wrote:
Taurrus wrote:
Treasury bills subscription hit Sh62.26 billion at the weekly auction with the Central Bank of Kenya (CBK) accepting about a third at Sh18.34 billion, turning away Sh43 billion.

The 364-day paper continued to get the most interest, receiving bids worth Sh34.58 billion — a 345.87 per cent subscription rate — as investors sought to lengthen investment duration. CBK accepted just Sh10.8 billion from the paper.

https://www.nation.co.ke...17204-eci4l4/index.html

Banks hoarding cash ama?


Info was already out that a longer dated bond was to be issued for this months primary makes sense for banks to put their funds into t bills... Look at how the 182 day rate went down...


Crazy, can't understand but anyway still better than banks!


FXD 2/2018/20



Hii italipwo kweli, smile smile smile

@Maka is it true that GoK has ever defaulted on payment of interest & payment of principal investment in bonds & tbills in late 90s. Tafasali elimika mimi preeese!!!
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
maka
#899 Posted : Wednesday, July 25, 2018 10:06:02 PM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
Angelica _ann wrote:
maka wrote:
Taurrus wrote:
maka wrote:
Taurrus wrote:
Treasury bills subscription hit Sh62.26 billion at the weekly auction with the Central Bank of Kenya (CBK) accepting about a third at Sh18.34 billion, turning away Sh43 billion.

The 364-day paper continued to get the most interest, receiving bids worth Sh34.58 billion — a 345.87 per cent subscription rate — as investors sought to lengthen investment duration. CBK accepted just Sh10.8 billion from the paper.

https://www.nation.co.ke...17204-eci4l4/index.html

Banks hoarding cash ama?


Info was already out that a longer dated bond was to be issued for this months primary makes sense for banks to put their funds into t bills... Look at how the 182 day rate went down...


Crazy, can't understand but anyway still better than banks!


FXD 2/2018/20



Hii italipwo kweli, smile smile smile

@Maka is it true that GoK has ever defaulted on payment of interest & payment of principal investment in bonds & tbills in late 90s. Tafasali elimika mimi preeese!!!



Il have to check on that (am still a very young kijanasmile) ... Maybe 92 there about am sure the rates were crazy...

Kulipa watalipa... Like I said before if they dare default that's the end.
possunt quia posse videntur
maka
#900 Posted : Friday, July 27, 2018 4:14:03 PM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
possunt quia posse videntur
173 Pages«<8889909192>»
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