Investors have raised their appetite for the longer dated 182- and 364-day Treasury bills as interest rate expectations rise and the market assesses a potential peak of returns on fixed income assets.
The subscription rate for the 364-day paper, for instance, rose to 45.5 percent in August from 40.6 percent in July, while the subscription rate for the 182-day paper hit 111.5 percent from 64.8 percent, according to data from the Central Bank of Kenya (CBK).
