Capital Markets

Kenya's 15-year Treasury bond yield dips at auction

National Treasury
The National Treasury building in Nairobi. FILE PHOTO | NMG 


The weighted average yield on Kenya’s 15-year Treasury bond bond fell slightly at a Wednesday auction to 12.768 percent from 12.857 percent at its last sale, the central bank said.

The bank said in a statement that the yield on a two-year bond which was also auctioned in the same sale fell to 10.328 percent from 10.701 percent at its previous auction.

The bank had offered a total 12 billion shillings ($119.94 million) for the two bonds. It received bids worth a total 66.60 billion shillings and accepted 23.43 billion shillings.

The bank said in a separate statement that it will sell five-year and 10-year Treasury bonds worth a total 50 billion shillings on Feb 20.