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,
@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 kijana

) ... 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