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Treasury Bills and Bonds
Thitifini
#1601 Posted : Saturday, July 09, 2022 12:29:59 AM
Rank: Member


Joined: 1/15/2015
Posts: 679
Location: Kenya
A kind request for information;

I'm wondering why the recent IFB of 13,7% attracted 72B out of a request of 76B, then the subsequent tap sale this week only attracted 6B out of a request of 20B! Is it that people were not intrested in such high rates of return?

Veterans, blindly πŸ™

60% Learning, 30% synthesizing, 10% Debating
Impunity
#1602 Posted : Monday, July 18, 2022 11:40:57 PM
Rank: Elder


Joined: 3/2/2009
Posts: 26,316
Location: Masada
Thitifini wrote:
A kind request for information;

I'm wondering why the recent IFB of 13,7% attracted 72B out of a request of 76B, then the subsequent tap sale this week only attracted 6B out of a request of 20B! Is it that people were not intrested in such high rates of return?

Veterans, blindly πŸ™



Liquidity crunch...all monies already mopped.
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.

Ericsson
#1603 Posted : Monday, July 18, 2022 11:46:25 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,412
Location: NAIROBI
Impunity wrote:
Thitifini wrote:
A kind request for information;

I'm wondering why the recent IFB of 13,7% attracted 72B out of a request of 76B, then the subsequent tap sale this week only attracted 6B out of a request of 20B! Is it that people were not intrested in such high rates of return?

Veterans, blindly πŸ™



Liquidity crunch...all monies already mopped.

Interest rates have to go up for subscription to improve.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
MatataMingi
#1604 Posted : Thursday, August 18, 2022 4:31:55 PM
Rank: Member


Joined: 11/17/2009
Posts: 374
Location: Where everyone knows you
Correct, Ericsson.
MatataMingi
#1605 Posted : Thursday, August 18, 2022 4:38:33 PM
Rank: Member


Joined: 11/17/2009
Posts: 374
Location: Where everyone knows you
Much Know
#1606 Posted : Saturday, August 20, 2022 9:43:54 AM
Rank: Elder


Joined: 12/6/2008
Posts: 3,546
[quote=MatataMingi]Just look at this report.

https://www.businessdail...rnment-billions-3918168[/quote]
Kenyans are going to be very broke, this is the reality, even ADB, China Exim, IMF and World Bank will run away.
A New Kenya
My 2 cents
#1607 Posted : Saturday, August 20, 2022 12:42:59 PM
Rank: Member


Joined: 6/2/2010
Posts: 893
Much Know wrote:
[quote=MatataMingi]Just look at this report.

https://www.businessdail...rnment-billions-3918168[/quote]
Kenyans are going to be very broke, this is the reality, even ADB, China Exim, IMF and World Bank will run away.


One of the options on the table will be to increase taxes. So brace yourselves for higher taxes in future.
MatataMingi
#1608 Posted : Wednesday, August 24, 2022 3:47:15 PM
Rank: Member


Joined: 11/17/2009
Posts: 374
Location: Where everyone knows you
Yes, indeed that is an option, ill advised though.
Serious investors will, however, be looking at NET returns.
Raising taxes will not achieve anything.
The current government has buried themselves in a debit crises.
Things are looking really bad, for the incoming President, whoever it maybe.
MatataMingi
#1609 Posted : Tuesday, September 27, 2022 2:54:35 PM
Rank: Member


Joined: 11/17/2009
Posts: 374
Location: Where everyone knows you
https://www.businessdail...borrowing-rates-3962924

Interesting article. Makes sense too.
My 2 cents
#1610 Posted : Wednesday, September 28, 2022 2:58:48 PM
Rank: Member


Joined: 6/2/2010
Posts: 893
MatataMingi wrote:
https://www.businessdailyafrica.com/bd/markets/capital-markets/cbk-under-pressure-from-the-rich-to-raise-borrowing-rates-3962924

Interesting article. Makes sense too.


This is sensationalism.
Rise in interest rates by central banks is NOT unique to Kenya. It is the topic du jour.
Most CBs are are having to raise interest rates to curb inflation.

..................................

Below is an excerpt from WSJ 2 days ago

Central banks around the world are raising their key interest rates in the most widespread tightening of monetary policy on record. Some economists fear they may go too far if they don’t take into account their collective impact on global demand.

According to the World Bank, the number of rate increases announced by central banks around the world was the highest in July since records began in the early 1970s. On Wednesday, the Federal Reserve delivered its third 0.75 percentage-point increase in as many meetings. This past week its counterparts in Indonesia, Norway, the Philippines, South Africa, Sweden, Switzerland, Taiwan and the U.K. also upped rates.
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