Recent T-bill rates decline eases off as investors cut their bids

Going into December, investors had been offering the government up to Sh85 billion per week as they raced to lock in returns before rates came down.

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The recent rapid decline in interest rates on Treasury bills has eased off, pointing to a potential bottoming out of rates amid reduced appetite for the securities from investors.

Last week’s auction saw the rate on the 91-day Treasury bill fall to 9.82 percent from 9.89 percent the previous week, while the rate on the 182-day T-bill remained unchanged for a third straight week at 10.02 percent.

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