Interest rates on Treasury bills have climbed to a two-year high on the back of a higher bid acceptance rate by the Central Bank of Kenya (CBK) as it looks to roll over heavy short-term maturities in the first quarter of the year.
The one-year T-bill rate is currently at 9.724 percent, the highest since February 2020, as are the six and three-month T-bill rates of 8.075 percent and 7.25 percent respectively.
