Investors inject Sh33bn into T-bills, snub Sh30bn bond

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

Investors injected Sh33.3 billion into Treasury bills in this week’s auction after sidestepping the Sh30 billion bond whose sale closed on Tuesday.

The high appetite for the short-term papers was in line with analyst expectations, continuing a trend where investors have preferred to park cash in short-duration securities as they wait out the interest rate uncertainty that has gripped the market.

PAYE Tax Calculator

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