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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.

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Source: Business Daily (Kenya)

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