Treasury bill interest rates rally above 14pc mark on maturities

DNTreasury1503f

The National Treasury building in Nairobi in this picture taken on March 15, 2023. PHOTO | DENNIS ONSONGO | NMG

Interest rates across all three tenors of Treasury bills crossed the 14 percent mark in last week’s auction, as the government caved into higher rate demands by investors to cover maturities worth Sh40.9 billion.

The short-term rates have been rising in recent auctions, but the Central Bank of Kenya (CBK) had in the previous week’s sale shown resolve to resist paying above 14 percent on the one-year paper.

PAYE Tax Calculator

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