Last week, the Treasury collected Sh31.67 billion against Sh24 billion on offer, a 132.34 per cent overall subscription.
Improved liquidity in the market buoyed the uptake of Treasury Bills in last week’s auction, in particular the six-month and one-year tenors. The Treasury collected Sh31.67 billion against Sh24 billion on offer, a 132.34 per cent overall subscription.
The Central Bank of Kenya (CBK) had received bids worth Sh31.76 billion from investors.
The 182-day and 364-day papers recorded 125.11 per cent and 171.53 per cent subscription respectively.
The 91-day paper received the least attention recording 52.41 per cent subscription rate.
Market analysts on Friday said CBK’s liquidity injection in the week had received subdued uptake.
The renewed political noise over the week was also a concern in the short-term hence the low interest for the 91-day paper.
“We opine that the improved liquidity condition... will sustain the Treasury Bills performance in the upcoming auction,” said analysts from Genghis Capital.
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