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Treasury bills subscription off target as focus shifts to bonds

The 182-day paper attracted Sh3.5 billion against a target of Sh10 billion with the government taking in Sh2.4 billion. FILE PHOTO | NMG

By  JAMES NGUNJIRI

Treasury bills subscription fell further below target for the second week in a row as investors’ appetite shifted to the bonds market.

Last week’s auction fell short of the Sh24 billion target by Sh14.1 billion.

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

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