Thread by @SokoAnalyst

T-Bills Remained In The Red As Presidential Tally Melted bit.ly/3pAInZV #CytonnReport ~ Soko Directory @CytonnReport @CytonnInvest

@CytonnReport @CytonnInvest T-bills remained undersubscribed, with the overall subscription rate coming in at 82.1 percent, up from the 72.4 percent recorded the previous week. bit.ly/3pAInZV #CytonnReport ~ Soko Directory

@CytonnReport @CytonnInvest The increase in the subscription rate was partly attributable to the relatively eased liquidity in the money market as well as the prevailing high yields on the government securities. bit.ly/3pAInZV #CytonnReport ~ Soko Directory

@CytonnReport @CytonnInvest Investors’ preference for the shorter 91-day paper persisted, with the paper receiving bids worth 11.8 billion shillings against the offered 4.0 billion shillings, translating to a subscription rate of 294.3%, down from the 299.8 percent recorded the previous week.
#CytonnReport

@CytonnReport @CytonnInvest The subscription rate for the 182-day paper increased to 68.0 percent from 39.3 percent while that of the 364-day paper declined to 11.4 percent from 14.5 percent recorded the previous week.

bit.ly/3pAInZV #CytonnReport ~ Soko Directory

@CytonnReport @CytonnInvest The yields on the government papers recorded mixed performance with the yields on the 182-day and 91-day papers increasing by 5.9 bps and 10.4 bps to 9.5 and 8.7%, respectively, while the yields on the 364-day paper declined by 1.3 bps to 9.9%

#CytonnReport ~ Soko Directory