The yields on Kenya’s Treasury bills and a bond on sale next week are expected to rise, but at a slower rate, traders said. The central bank will auction 91-day, 182-day and 364-day Treasury bills worth a total Sh12 billion in two auctions next week
The bank will also auction a one-year amortized Treasury bond worth up to Sh20 billion next week.
“On the Treasury bills, they will continue to gain consistently in terms of the (weighted) average yields … stabilising at levels of around 22, 23 percent. It’s nearing the top,” a fixed income trader at one brokerage house said.
At this week’s sale, the weighted average yield on 91-day Treasury bills rose to 22.133 percent from 21.353 percent last week, while that on the 182-day bill jumped to 21.840 percent from 21.607 percent last week.
The yield on the 364-day Treasury bills rose to 21.882 percent from 21.498 percent last week.
