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Investors scramble to secure lucrative Treasury bill returns
T-bill rates have now come down for 12 straight weeks since the beginning of August, with the pace of retreat accelerating after the CBK’s monetary policy committee cut its base rate by 0.75 percentage points to 12 percent in its October 6 meeting.
Investors scrambled to purchase Treasury bills and lock in attractive returns as interest rates continued to retreat following the recent rate cut by the Central Bank of Kenya (CBK).
The CBK received bids of Sh80.93 billion from investors in a week when rates on the 182-day and 364-day Treasury bills fell to levels last seen in December 2023, and the 91-day rate to its September 2023 levels.
