Treasury bills overall subscription slightly dropped in December to an average of 79.71 per cent from 80.01 per cent recorded in November.
The Treasury accepted Sh66.26 billion of the Sh76.5 billion bids received in four auctions, against a target of Sh96 billion.
The average subscription rate for the 91, 182, and 364-day papers came in at 78.77 per cent, 77.87 per cent and 81.92 per cent respectively.
The average yields for the 91, 182, and 364-day papers stood at 8.024 per cent, 10.570 per cent and 11.110 per cent respectively.
The Central Bank of Kenya (CBK) in its last weekly statistical bulletins indicated that liquidity had improved in the money market due to increased government payments and net redemption of securities.
Last week, as local investor activities remained subdued due to holiday mood expected to fizzle out this week, Treasury bills subscription still disappointed with overall subscription coming in at 80.83 per cent, compared to 84.8 per cent the previous week.
“Yields for the 91, 182, and 364-day papers were at 8.080 per cent, 10.649 per cent and 11.151 per cent respectively, compared to 8.005 per cent, 10.583 per cent and 11.128 per cent recorded in the previous week,” the CBK indicated.
CBK received bids worth Sh5.20 billion against a target of Sh4 billion for the 91-day tenor, representing a 130.20 per cent performance rate.
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