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Treasury Bills and Bonds
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snipermnoma
#101 Posted : Sunday, January 10, 2016 12:18:50 PM
Rank: Member


Joined: 1/3/2014
Posts: 257
Last week results

Issue Number Auction Date Average Interest Rate
2143/091 13th January, 2016 11.398
2124/182 14th January, 2016 13.164
2050/364 14th January, 2016 13.803
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maka
#102 Posted : Thursday, January 21, 2016 10:43:07 AM
Rank: Elder


Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
Results for 2 year and 10 year auction:

2yr coupon @ 15.760% (+98bps). Market avg. @ 16.181% (+79bps). Subs 74%. Bids 30.4b. Acceptd 20.2b. Bid rejection rate for 2yr & 10yr at 27% & 18% respectively. 10yr yield @ 16.132% (+325bps). Market avg. @ 16.585% (+355bps). Subs 34%. Bids 5.9b. Acceptd 4.0b.

Out of 35B they need the government just raised 24.2B...kuna shida kubwa sana.
possunt quia posse videntur
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Spikes
#103 Posted : Thursday, January 21, 2016 11:01:51 AM
Rank: Elder


Joined: 9/20/2015
Posts: 2,811
Location: Mombasa
maka wrote:
Results for 2 year and 10 year auction:

2yr coupon @ 15.760% (+98bps). Market avg. @ 16.181% (+79bps). Subs 74%. Bids 30.4b. Acceptd 20.2b. Bid rejection rate for 2yr & 10yr at 27% & 18% respectively. 10yr yield @ 16.132% (+325bps). Market avg. @ 16.585% (+355bps). Subs 34%. Bids 5.9b. Acceptd 4.0b.

Out of 35B they need the government just raised 24.2B...kuna shida kubwa sana.


Hakuna shida only the rates are not attractive vis-a-vis other investment options.
John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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mlennyma
#104 Posted : Thursday, January 21, 2016 11:08:49 AM
Rank: Elder


Joined: 7/21/2010
Posts: 6,175
Location: nairobi
Spikes wrote:
maka wrote:
Results for 2 year and 10 year auction:

2yr coupon @ 15.760% (+98bps). Market avg. @ 16.181% (+79bps). Subs 74%. Bids 30.4b. Acceptd 20.2b. Bid rejection rate for 2yr & 10yr at 27% & 18% respectively. 10yr yield @ 16.132% (+325bps). Market avg. @ 16.585% (+355bps). Subs 34%. Bids 5.9b. Acceptd 4.0b.

Out of 35B they need the government just raised 24.2B...kuna shida kubwa sana.


Hakuna shida only the rates are not attractive vis-a-vis other investment options.

this rates are attractive its only that investors know how hungry the govt is and the limited options it has other than giving in to higher rates
"Don't let the fear of losing be greater than the excitement of winning."
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maka
#105 Posted : Thursday, January 21, 2016 12:24:58 PM
Rank: Elder


Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
mlennyma wrote:
Spikes wrote:
maka wrote:
Results for 2 year and 10 year auction:

2yr coupon @ 15.760% (+98bps). Market avg. @ 16.181% (+79bps). Subs 74%. Bids 30.4b. Acceptd 20.2b. Bid rejection rate for 2yr & 10yr at 27% & 18% respectively. 10yr yield @ 16.132% (+325bps). Market avg. @ 16.585% (+355bps). Subs 34%. Bids 5.9b. Acceptd 4.0b.

Out of 35B they need the government just raised 24.2B...kuna shida kubwa sana.


Hakuna shida only the rates are not attractive vis-a-vis other investment options.

this rates are attractive its only that investors know how hungry the govt is and the limited options it has other than giving in to higher rates


You pay 83.33 for every 100...13.36% net return...not bad at all.
possunt quia posse videntur
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maka
#106 Posted : Thursday, January 28, 2016 9:14:30 AM
Rank: Elder


Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
https://www.centralbank....16/2126-1822052-364.pdf

Results for the 182 and 364...
possunt quia posse videntur
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PeterReborn
#107 Posted : Thursday, January 28, 2016 9:40:50 AM
Rank: Veteran


Joined: 1/3/2014
Posts: 1,063
maka wrote:
https://www.centralbank.go.ke/images/docs/tbillsresults/2016/2126-1822052-364.pdf

Results for the 182 and 364...

Applause Applause We are headed to 15%
Consistency is better than intensity
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maka
#108 Posted : Thursday, January 28, 2016 9:43:49 AM
Rank: Elder


Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
PeterReborn wrote:
maka wrote:
https://www.centralbank.go.ke/images/docs/tbillsresults/2016/2126-1822052-364.pdf

Results for the 182 and 364...

Applause Applause We are headed to 15%


Past 15%...look at the 364 day they only took 1.475B they are missing collection targets...
possunt quia posse videntur
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hisah
#109 Posted : Thursday, January 28, 2016 4:17:34 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
maka wrote:
PeterReborn wrote:
maka wrote:
https://www.centralbank.go.ke/images/docs/tbillsresults/2016/2126-1822052-364.pdf

Results for the 182 and 364...

Applause Applause We are headed to 15%


Past 15%...look at the 364 day they only took 1.475B they are missing collection targets...

Still undersubscribed episodes continue on the long end since investors snubbed the 2yr tax free bond in Dec 2015. Gravitating towards the bidless blackhole...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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maka
#110 Posted : Thursday, January 28, 2016 5:16:51 PM
Rank: Elder


Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
hisah wrote:
maka wrote:
PeterReborn wrote:
maka wrote:
https://www.centralbank.go.ke/images/docs/tbillsresults/2016/2126-1822052-364.pdf

Results for the 182 and 364...

Applause Applause We are headed to 15%


Past 15%...look at the 364 day they only took 1.475B they are missing collection targets...

Still undersubscribed episodes continue on the long end since investors snubbed the 2yr tax free bond in Dec 2015. Gravitating towards the bidless blackhole...


I think we are just postponing the inevitable...for the 1.2016.2 and 1.13.10 reopen gava missed collection by around 11B for the tbills 91,182 and 364 issued this Jan another 5B + so where will they get 16B from to plug this deficit....?rates will have to go high when they are forced to take higher bids in auctions in subsequent months or do another eurobond or was it a Surkuk bond...Samurai bond maybe...
possunt quia posse videntur
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lochaz-index
#111 Posted : Thursday, January 28, 2016 7:34:03 PM
Rank: Veteran


Joined: 9/18/2014
Posts: 1,127
maka wrote:
hisah wrote:
maka wrote:
PeterReborn wrote:
maka wrote:
https://www.centralbank.go.ke/images/docs/tbillsresults/2016/2126-1822052-364.pdf

Results for the 182 and 364...

Applause Applause We are headed to 15%


Past 15%...look at the 364 day they only took 1.475B they are missing collection targets...

Still undersubscribed episodes continue on the long end since investors snubbed the 2yr tax free bond in Dec 2015. Gravitating towards the bidless blackhole...


I think we are just postponing the inevitable...for the 1.2016.2 and 1.13.10 reopen gava missed collection by around 11B for the tbills 91,182 and 364 issued this Jan another 5B + so where will they get 16B from to plug this deficit....?rates will have to go high when they are forced to take higher bids in auctions in subsequent months or do another eurobond or was it a Surkuk bond...Samurai bond maybe...


Both treasury and its fiscal agent are in cahoots trying to hoodwink the market with cheap talk of a sukuk bond and a tranquil money market. The sooner they give up this pretence the sooner sh*t hits the fan. Mr market could see this payday coming from a mile away... No way we are dodging it.
The main purpose of the stock market is to make fools of as many people as possible.
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maka
#112 Posted : Thursday, February 25, 2016 7:17:00 AM
Rank: Elder


Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
lochaz-index wrote:
maka wrote:
hisah wrote:
maka wrote:
PeterReborn wrote:
maka wrote:
https://www.centralbank.go.ke/images/docs/tbillsresults/2016/2126-1822052-364.pdf

Results for the 182 and 364...

Applause Applause We are headed to 15%


Past 15%...look at the 364 day they only took 1.475B they are missing collection targets...

Still undersubscribed episodes continue on the long end since investors snubbed the 2yr tax free bond in Dec 2015. Gravitating towards the bidless blackhole...


I think we are just postponing the inevitable...for the 1.2016.2 and 1.13.10 reopen gava missed collection by around 11B for the tbills 91,182 and 364 issued this Jan another 5B + so where will they get 16B from to plug this deficit....?rates will have to go high when they are forced to take higher bids in auctions in subsequent months or do another eurobond or was it a Surkuk bond...Samurai bond maybe...


Both treasury and its fiscal agent are in cahoots trying to hoodwink the market with cheap talk of a sukuk bond and a tranquil money market. The sooner they give up this pretence the sooner sh*t hits the fan. Mr market could see this payday coming from a mile away... No way we are dodging it.


Man Dr.Njoroge has played this well....Look at 1.2015.5 and 1.2012.10 results below...

https://www.centralbank....-2015-5fxd1-2012-10.pdf



Most guys have missed by a country mile...too much liquidity with maturing bonds...
Will the money find its way to the equities side and cause a probable rally?
possunt quia posse videntur
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Impunity
#113 Posted : Wednesday, March 30, 2016 3:25:24 PM
Rank: Elder


Joined: 3/2/2009
Posts: 26,325
Location: Masada
kasibitta wrote:
hisah wrote:
maka wrote:
This month the Central Bank of Kenya offered a 9-year Treasury Bond for a total amount of up to Kshs 30 Billion. The total number of bids received
was 719 amounting to Kshs 16.575 Billion. The weighted average rate for successful bids was 14.952%.

IFB 9...undersubscribed big time.

https://www.centralbank....s/9mortizedIFB1Bond.pdf


Tax free and undersubscribed!?


do we say lack of confidence? or people want better rates?...


Teach me teacher:

Coupon rate and Redemption yield ndio nini tofauti?
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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maka
#114 Posted : Wednesday, May 11, 2016 1:39:11 PM
Rank: Elder


Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
https://www.centralbank..../treasury-bond-on-offer

@Impunity IFB 10.
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Impunity
#115 Posted : Wednesday, May 11, 2016 1:49:27 PM
Rank: Elder


Joined: 3/2/2009
Posts: 26,325
Location: Masada
maka wrote:
https://www.centralbank.go.ke/index.php/treasury-bond-on-offer

@Impunity IFB 10.


Thanks @maka.
IFB is tax free...wacha nijifiche huko kidogo as I wait for KQ shares (and others) to hit sub 2 bob.
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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The Great
#116 Posted : Wednesday, May 11, 2016 2:08:35 PM
Rank: Member


Joined: 9/9/2015
Posts: 233
Impunity wrote:
maka wrote:
https://www.centralbank.go.ke/index.php/treasury-bond-on-offer

@Impunity IFB 10.


Thanks @maka.
IFB is tax free...wacha nijifiche huko kidogo as I wait for KQ shares (and others) to hit sub 2 bob.

Jifiche Real estate. U remember the inverse relationship between property and equity markets!
"Buy when there's blood in the streets, even if the blood is your own."
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Impunity
#117 Posted : Wednesday, May 11, 2016 2:54:26 PM
Rank: Elder


Joined: 3/2/2009
Posts: 26,325
Location: Masada
The Great wrote:
Impunity wrote:
maka wrote:
https://www.centralbank.go.ke/index.php/treasury-bond-on-offer

@Impunity IFB 10.


Thanks @maka.
IFB is tax free...wacha nijifiche huko kidogo as I wait for KQ shares (and others) to hit sub 2 bob.

Jifiche Real estate. U remember the inverse relationship between property and equity markets!


Real estate niko ndani, just waiting to cash out at opportune time.

Hii pesa nataka ficha kwa IFB ni ile nilitoka naye huko equity market.

KQ ikifika sub 2 bob then I will head back to equity again.
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Ebenyo
#118 Posted : Sunday, May 15, 2016 8:24:09 AM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,996
Location: Kitale
Do treasury bills and bonds attract witholding tax ?
if i invest kshs 50000 treasury bond at 12% interest rate,what will be the net return? are there any hidden deductions and charges? if i invest kshs 100000 at treasury bill for three months what will be my net return?
Towards the goal of financial freedom
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Speculz
#119 Posted : Sunday, May 15, 2016 9:39:07 AM
Rank: Member


Joined: 5/6/2011
Posts: 391
Location: Nairobi
Ebenyo wrote:
Do treasury bills and bonds attract witholding tax ?
if i invest kshs 50000 treasury bond at 12% interest rate,what will be the net return? are there any hidden deductions and charges? if i invest kshs 100000 at treasury bill for three months what will be my net return?


This could be of help... https://www.centralbank....ke/index.php/calculator

"You can't have everything. Where would you put it?" - Stephen Wright
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chikonde
#120 Posted : Monday, May 16, 2016 3:10:27 PM
Rank: New-farer


Joined: 1/15/2010
Posts: 81
Death and taxes, death and taxes the only guarantees in life.
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