Interest on 182-day T-bill crosses 11 percent mark

Kenya’s diaspora remittances have continued to grow with projections indicating a new record high for 2023. FILE PHOTO | POOL

Interest rate on the 182-day Treasury Bill has crossed the 11 percent mark as returns on the short-term securities continue to go up.

The weighted average interest rate of accepted bids on the paper jumped to 11.113 percent in last week’s sale from 10.978 percent to represent a 0.135 percent increase.

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Note: The results are not exact but very close to the actual.