Treasury Bill yields go down
Jul 26, 2005
THE average yield for government Treasury Bills (TBs) across the three maturities dipped during June, reflecting high market demand, a central bank report has said.
By Sylvia Juuko
THE average yield for government Treasury Bills (TBs) across the three maturities dipped during June, reflecting high market demand, a central bank report has said.
The discount rates on the 91-day, 182-day and 364-day TBs dipped to 8.78%, 10.17% and 11.62% at the end of June from 8.87%, 10.21% and 12.10% at the end of May respectively, the June economic and financial indicators report shows.
Treasury Bills are a short-term monetary policy by the central bank to clean up excess money in circulation.
The report shows that despite the high demand, the TB issues decreased to sh75b in June from sh80b in May while bids increased to sh141.55b from sh118.05b.
The rediscount and bank rates declined marginally from 14.82% and 15.82% at the end of May to 14.77% and 15.77% respectively at the end of June.
The stock of outstanding TBs dropped to sh1,140.5b at the end of June from sh1,187.5b at the end of May.
TB holdings by the central bank reduced to sh220.61b from sh224.16b while insurance companies’ holdings fell to sh32.1b from sh37b during the period under review.
THE average yield for government Treasury Bills (TBs) across the three maturities dipped during June, reflecting high market demand, a central bank report has said.
The discount rates on the 91-day, 182-day and 364-day TBs dipped to 8.78%, 10.17% and 11.62% at the end of June from 8.87%, 10.21% and 12.10% at the end of May respectively, the June economic and financial indicators report shows.
Treasury Bills are a short-term monetary policy by the central bank to clean up excess money in circulation.
The report shows that despite the high demand, the TB issues decreased to sh75b in June from sh80b in May while bids increased to sh141.55b from sh118.05b.
The rediscount and bank rates declined marginally from 14.82% and 15.82% at the end of May to 14.77% and 15.77% respectively at the end of June.
The stock of outstanding TBs dropped to sh1,140.5b at the end of June from sh1,187.5b at the end of May.
TB holdings by the central bank reduced to sh220.61b from sh224.16b while insurance companies’ holdings fell to sh32.1b from sh37b during the period under review.