Investors in short-term government securities known as Treasury bills have rekindled their interest in the 91-day paper, bucking the trend of recent auctions which saw most bids placed on the longer dated 364-day paper.
Bids on the 91-day paper surpassed placements on the 364-day paper for the first time in six auctions last week, totalling Sh17.9 billion against Sh11.6 billion for the longer-dated paper.
