Tight liquidity triggers low Treasury bill uptake

The Central Bank of Kenya (CBK) building in Nairobi. FILE PHOTO | NMG

Tight liquidity haunted the money markets in a short trading week featuring two public holidays, with the Treasury bills undersubscribed for the seventh week in a row.

During last week’s auction held last Friday, the overall subscription rate came in at 34.17 per cent compared to 46.7 per cent the previous week.

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