News Column

Yield on Treasury's 10-year bond falls at auction

January 23, 2014

Reuters -1

The weighted average yield on Kenya's 10-year Treasury bond slipped to 12.180 per cent at auction on Wednesday from 12.371 per cent in August, the central bank said. The weighted average yield on the six-months Treasury bills, which were also on sale, fell to 10.339 per cent from 10.344 per cent at last week, while that of the one-year bills edged up to 10.689 per cent from 10.665 per cent at last week's sale. The Central Bank of Kenya (CBK) received four times offers for the Sh10 billion ( $116.55 million ) worth of the 10-year bond on sale and accepted 15 billion shillings , it said. Investors shunned the Treasury bills auction, with the bank receiving a 21 per cent subscription rate for the six-months paper and a 49 per cent subscription rate for the one-year bills, it said. ALSO READ: Eurobond casts shadow on sale of 10-year paper Next week, CBK will offer Sh9 billion worth of Treasury bills of all tenors, it said.


For more stories on investments and markets, please see HispanicBusiness' Finance Channel



Source: Business Daily (Kenya)


Story Tools