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T-bills now 17.1pc of State securities debt
The stock of T-bills, excluding repurchase agreements, stood at an all-time high of Sh1.184 trillion as at March 13, while outstanding Treasury bonds were valued at Sh5.739 trillion.
The share of government securities in the form of Treasury bills has climbed to a four-year high following the recent rush for the one-year paper amid high liquidity in the money market.
Latest data from the Central Bank of Kenya (CBK) —the government’s fiscal agent— shows that Treasury bills now account for 17.1 percent of the total securities in issue, the highest share since February 2022. Treasury bonds account for 82.9 percent of the outstanding securities.
