Treasury bills rates maintain upward trend in new auction

The National Treasury building in Nairobi. PHOTO | SALATON NJAU | NMG

The interest rates on Treasury bills rose to new highs in the latest weekly auction, indicating higher returns for fixed income investors and setting the stage for more expensive loans.

The 91-day paper was sold at an interest rate of 7.925 percent, up from 7.866 percent last week.

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