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82 Pages«<79808182>
Treasury Bills and Bonds
Thitifini
#1601 Posted : Saturday, July 09, 2022 12:29:59 AM
Rank: Member


Joined: 1/15/2015
Posts: 679
Location: Kenya
A kind request for information;

I'm wondering why the recent IFB of 13,7% attracted 72B out of a request of 76B, then the subsequent tap sale this week only attracted 6B out of a request of 20B! Is it that people were not intrested in such high rates of return?

Veterans, blindly ๐Ÿ™

60% Learning, 30% synthesizing, 10% Debating
Impunity
#1602 Posted : Monday, July 18, 2022 11:40:57 PM
Rank: Elder


Joined: 3/2/2009
Posts: 26,316
Location: Masada
Thitifini wrote:
A kind request for information;

I'm wondering why the recent IFB of 13,7% attracted 72B out of a request of 76B, then the subsequent tap sale this week only attracted 6B out of a request of 20B! Is it that people were not intrested in such high rates of return?

Veterans, blindly ๐Ÿ™



Liquidity crunch...all monies already mopped.
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.

Ericsson
#1603 Posted : Monday, July 18, 2022 11:46:25 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,462
Location: NAIROBI
Impunity wrote:
Thitifini wrote:
A kind request for information;

I'm wondering why the recent IFB of 13,7% attracted 72B out of a request of 76B, then the subsequent tap sale this week only attracted 6B out of a request of 20B! Is it that people were not intrested in such high rates of return?

Veterans, blindly ๐Ÿ™



Liquidity crunch...all monies already mopped.

Interest rates have to go up for subscription to improve.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
MatataMingi
#1604 Posted : Thursday, August 18, 2022 4:31:55 PM
Rank: Member


Joined: 11/17/2009
Posts: 376
Location: Where everyone knows you
Correct, Ericsson.
MatataMingi
#1605 Posted : Thursday, August 18, 2022 4:38:33 PM
Rank: Member


Joined: 11/17/2009
Posts: 376
Location: Where everyone knows you
Much Know
#1606 Posted : Saturday, August 20, 2022 9:43:54 AM
Rank: Elder


Joined: 12/6/2008
Posts: 3,547
[quote=MatataMingi]Just look at this report.

https://www.businessdail...rnment-billions-3918168[/quote]
Kenyans are going to be very broke, this is the reality, even ADB, China Exim, IMF and World Bank will run away.
A New Kenya
My 2 cents
#1607 Posted : Saturday, August 20, 2022 12:42:59 PM
Rank: Veteran


Joined: 6/2/2010
Posts: 917
Much Know wrote:
[quote=MatataMingi]Just look at this report.

https://www.businessdail...rnment-billions-3918168[/quote]
Kenyans are going to be very broke, this is the reality, even ADB, China Exim, IMF and World Bank will run away.


One of the options on the table will be to increase taxes. So brace yourselves for higher taxes in future.
MatataMingi
#1608 Posted : Wednesday, August 24, 2022 3:47:15 PM
Rank: Member


Joined: 11/17/2009
Posts: 376
Location: Where everyone knows you
Yes, indeed that is an option, ill advised though.
Serious investors will, however, be looking at NET returns.
Raising taxes will not achieve anything.
The current government has buried themselves in a debit crises.
Things are looking really bad, for the incoming President, whoever it maybe.
MatataMingi
#1609 Posted : Tuesday, September 27, 2022 2:54:35 PM
Rank: Member


Joined: 11/17/2009
Posts: 376
Location: Where everyone knows you
https://www.businessdail...borrowing-rates-3962924

Interesting article. Makes sense too.
My 2 cents
#1610 Posted : Wednesday, September 28, 2022 2:58:48 PM
Rank: Veteran


Joined: 6/2/2010
Posts: 917
MatataMingi wrote:
https://www.businessdailyafrica.com/bd/markets/capital-markets/cbk-under-pressure-from-the-rich-to-raise-borrowing-rates-3962924

Interesting article. Makes sense too.


This is sensationalism.
Rise in interest rates by central banks is NOT unique to Kenya. It is the topic du jour.
Most CBs are are having to raise interest rates to curb inflation.

..................................

Below is an excerpt from WSJ 2 days ago

Central banks around the world are raising their key interest rates in the most widespread tightening of monetary policy on record. Some economists fear they may go too far if they donโ€™t take into account their collective impact on global demand.

According to the World Bank, the number of rate increases announced by central banks around the world was the highest in July since records began in the early 1970s. On Wednesday, the Federal Reserve delivered its third 0.75 percentage-point increase in as many meetings. This past week its counterparts in Indonesia, Norway, the Philippines, South Africa, Sweden, Switzerland, Taiwan and the U.K. also upped rates.
xtina
#1611 Posted : Monday, October 31, 2022 2:14:08 PM
Rank: Member


Joined: 6/26/2008
Posts: 363
CBK recently floated the 14-year IFB and methinks it looks pretty good. Interest rate is expected to be 13.7-14%, more or less the same as last year so with 2M, expect to get 274k biannualy.

https://twitter.com/CBKK...cxt=HHwWgoCxwdPCiYAsAAAA
Ericsson
#1612 Posted : Tuesday, November 01, 2022 8:15:11 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,462
Location: NAIROBI
[quote=xtina]CBK recently floated the 14-year IFB and methinks it looks pretty good. Interest rate is expected to be 13.7-14%, more or less the same as last year so with 2M, expect to get 274k biannualy.

https://twitter.com/CBKK...xt=HHwWgoCxwdPCiYAsAAAA[/quote]
It's tax free hence 14% is too high.
It's likely to be 12.5-13%
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
MatataMingi
#1613 Posted : Thursday, November 03, 2022 3:25:06 PM
Rank: Member


Joined: 11/17/2009
Posts: 376
Location: Where everyone knows you
[quote=xtina]CBK recently floated the 14-year IFB and methinks it looks pretty good. Interest rate is expected to be 13.7-14%, more or less the same as last year so with 2M, expect to get 274k biannualy.

https://twitter.com/CBKK...xt=HHwWgoCxwdPCiYAsAAAA[/quote]


Think
That is 274K annually,NOT biannually.
mchawi
#1614 Posted : Thursday, November 03, 2022 6:21:04 PM
Rank: New-farer


Joined: 4/4/2011
Posts: 94
Location: Nairobi
Ericsson wrote:
[quote=xtina]CBK recently floated the 14-year IFB and methinks it looks pretty good. Interest rate is expected to be 13.7-14%, more or less the same as last year so with 2M, expect to get 274k biannualy.

https://twitter.com/CBKK...xt=HHwWgoCxwdPCiYAsAAAA[/quote]
It's tax free hence 14% is too high.
It's likely to be 12.5-13%


It shall be much higher!
The June IFB1/2022/018 had a coupon rate of 13.742%. And now, the current yields in the market are much higher with investors expecting a better return.

I wouldn't be surprised if the Weighted Average Rate of the Accepted Bids comes in at around 13.9-14.0%
xtina
#1615 Posted : Friday, November 04, 2022 4:16:26 PM
Rank: Member


Joined: 6/26/2008
Posts: 363
MatataMingi wrote:
[quote=xtina]CBK recently floated the 14-year IFB and methinks it looks pretty good. Interest rate is expected to be 13.7-14%, more or less the same as last year so with 2M, expect to get 274k biannualy.

https://twitter.com/CBKK...xt=HHwWgoCxwdPCiYAsAAAA[/quote]


Think
That is 274K annually,NOT biannually.


I meant 274k annually but they pay you twice a year (137k every 6 months))
Much Know
#1616 Posted : Saturday, November 05, 2022 12:40:39 AM
Rank: Elder


Joined: 12/6/2008
Posts: 3,547
Because there is no handshake and failure of bbi and Croatia, putin, corona resurgence, even eurobond will not be available anymore, we are too divided to invest in, go offshore or invest in any potential stock in technology or from upcoming and in including entrepreneurs who can shift paradigms, gold, oil(bad but profitable in the short term), there is no way entrepreneurs can make money when VAT is 16% add interest 16% add uda taxes 10%, corruption up 12%, add inflation 5%,=59% then add profit, margin another 5% with petrol headed to kes250 and the risk is too high to get this 5% unga 300???, when you look at the pending bills versus growing govt wagebill like new ministries and bigger government to payback political investors. If you are not in government, don't risk investing. Even the old abandoned 1k notes will reappear from bunkers, those who have those banned 1k notes will be the only ones buying treasury bonds and bills and you will see them back in circulation very soon if you have any doubts. Don't risk.
A New Kenya
Ericsson
#1617 Posted : Saturday, November 05, 2022 8:08:24 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,462
Location: NAIROBI
364-day treasury bill interest rate has hit 10%.
Now lets wait for the interest rate on the ongoing infrastructure bond.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
mchawi
#1618 Posted : Wednesday, November 09, 2022 12:41:36 PM
Rank: New-farer


Joined: 4/4/2011
Posts: 94
Location: Nairobi
mchawi wrote:
Ericsson wrote:
[quote=xtina]CBK recently floated the 14-year IFB and methinks it looks pretty good. Interest rate is expected to be 13.7-14%, more or less the same as last year so with 2M, expect to get 274k biannualy.

https://twitter.com/CBKK...xt=HHwWgoCxwdPCiYAsAAAA[/quote]
It's tax free hence 14% is too high.
It's likely to be 12.5-13%


It shall be much higher!
The June IFB1/2022/018 had a coupon rate of 13.742%. And now, the current yields in the market are much higher with investors expecting a better return.

I wouldn't be surprised if the Weighted Average Rate of the Accepted Bids comes in at around 13.9-14.0%


Aho!!! IFB1/2022/14 at 13.938% Tax free!
Ericsson
#1619 Posted : Thursday, November 10, 2022 7:06:06 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,462
Location: NAIROBI
https://www.businessdail...tober-bond-sale-4014468

Soon interest on infrastructure bonds will exceed 15%
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
holycow
#1620 Posted : Friday, November 11, 2022 5:38:14 PM
Rank: Veteran


Joined: 11/11/2006
Posts: 968
Location: Home



Quote:
GetIT411:
PRESIDENT Ruto says govt will no longer borrow from capital market-Treasury bills, bonds - at over 10pc; to seek alternatives elsewhere.
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