Strong Demand for Treasury Bill

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Kenya’s 364-day Treasury bill received bids worth KSh 23.1 billion against an offer of KSh 10 billion, according to the Central Bank of Kenya. The bank accepted KSh 19.08 billion at a 9.6% yield. It was the second week of strong uptake. Demand rose after the Central Bank lowered interest rates, with investors moving into short-term government securities to secure current returns.