The demand for Treasury bills (T-bills) by investors has dried up even as interest rates on the short-dated securities continue to rise, upsetting the Central Bank of Kenya’s (CBK) plan of lowering interest rates on government paper.
Last week’s T-bill auction, which aimed to raise Sh24 billion, only realised Sh7.6 billion in investor bids against Sh14.4 billion in the previous week.
