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Treasury Bills and Bonds
Rank: Elder Joined: 6/27/2008 Posts: 4,114
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digitek1 wrote:mukiha wrote:Aguytrying wrote:@tbill/ bond investors.
What would you advice.
1. To buy bonds/tbills directly from CBK
2. To join a money market fund traing in tbills/bonds.
also do stock brokers/investment banks help to trade in tbills/bonds? or is it better to go direct through CBK.
regards Note also that there are times when MMFs pay higher than the T-Bill average. Good to keep your eye on the rates regularly. MMFs are currently ranging from 5.78 % [CBA] and 9.94% (Madison and Amana] - BUT not clear if these figures are net of wht. Yesterday's T-Bill average was 9.979 = 8.85@ after wht. so why not just invest in faulu? Faulu offers fixed deposit accounts - cash not available on demand. T-Bill is also like fixed deposit but can be traded for cash in secondary market if cash is required. MMFs cash is available on demand; most will RTGS to your account in 72hrs Now take your pick Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
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Rank: Member Joined: 8/29/2008 Posts: 571
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Mukiha....stop misleading others.TBills CAN'T be traded in the secondary market currently.But one can discount them at CBK and giveaway a small percent of Your earnings ....
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Rank: Elder Joined: 3/2/2009 Posts: 26,328 Location: Masada
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Ali Baba wrote:Mukiha....stop misleading others.TBills CAN'T be traded in the secondary market currently.But one can discount them at CBK and giveaway a small percent of Your earnings .... I too thought so. Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Member Joined: 9/29/2010 Posts: 679 Location: nairobi
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Ali Baba wrote:Mukiha....stop misleading others.TBills CAN'T be traded in the secondary market currently.But one can discount them at CBK and giveaway a small percent of Your earnings .... this is not true, a tbill can be traded as an OTC instrument though
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Rank: Elder Joined: 6/27/2008 Posts: 4,114
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kizee1 wrote:Ali Baba wrote:Mukiha....stop misleading others.TBills CAN'T be traded in the secondary market currently.But one can discount them at CBK and giveaway a small percent of Your earnings .... this is not true, a tbill can be traded as an OTC instrument though And you have to forgo a significant portion of the interest! Otherwise, why should I buy from you when I can wait a few days and buy direct from CBK? You, however, might be looking at two months to maturity, and you need the cash pap.... It's a buyer's market! Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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mukiha wrote:kizee1 wrote:Ali Baba wrote:Mukiha....stop misleading others.TBills CAN'T be traded in the secondary market currently.But one can discount them at CBK and giveaway a small percent of Your earnings .... this is not true, a tbill can be traded as an OTC instrument though And you have to forgo a significant portion of the interest! Otherwise, why should I buy from you when I can wait a few days and buy direct from CBK? You, however, might be looking at two months to maturity, and you need the cash pap.... It's a buyer's market! thanks. money market it is. cic do only yr issues only. The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Member Joined: 5/8/2013 Posts: 386 Location: Nyali mombasa
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what are the current Tbills rates? or where can I get this info
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Rank: Member Joined: 8/29/2008 Posts: 571
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Kihara joni wrote:what are the current Tbills rates? or where can I get this info Www.centralbank.go.ke
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Rank: Member Joined: 6/26/2008 Posts: 384
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A diasporan friend wants to invest 3 million in tbills or bonds. What would you advise? Bills or bonds, MMF or CBK directly?
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Rank: Member Joined: 5/9/2014 Posts: 130 Location: Nairobi
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Currently the Money Market Funds offer better returns than the T-Bills. Bonds require long term investment, which is money you don't need in the medium term.
Top MMFs are Amana Capital, Zimele, CIC, Madison Asset, Britam & GenCap.
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Rank: Elder Joined: 2/16/2007 Posts: 2,114
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Tall Order wrote:Currently the Money Market Funds offer better returns than the T-Bills. Bonds require long term investment, which is money you don't need in the medium term.
Top MMFs are Amana Capital, Zimele, CIC, Madison Asset, Britam & GenCap.
Where do the MMF's invest these funds?
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Rank: Member Joined: 5/9/2014 Posts: 130 Location: Nairobi
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In Treasury Bills and Bonds of course and diversify to include commercial paper and off-shore investments. But if they offer better returns than the T-bills and bonds, why not get them and then move your money into the T-bills when the returns are better, it is easier to break the MMF holdings than the T-bills.
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Rank: Member Joined: 6/14/2010 Posts: 521 Location: Nairobi
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Tall Order wrote:In Treasury Bills and Bonds of course and diversify to include commercial paper and off-shore investments. But if they offer better returns than the T-bills and bonds, why not get them and then move your money into the T-bills when the returns are better, it is easier to break the MMF holdings than the T-bills. How can they be investing in TBills and bonds and offer better returns. That does not make sense.
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Rank: Elder Joined: 2/16/2007 Posts: 2,114
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Tall Order wrote:In Treasury Bills and Bonds of course and diversify to include commercial paper and off-shore investments. But if they offer better returns than the T-bills and bonds, why not get them and then move your money into the T-bills when the returns are better, it is easier to break the MMF holdings than the T-bills. My investment at CIC returned 9.16 % p.a net for the month of April..
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Rank: Hello Joined: 4/24/2014 Posts: 4 Location: Nairobi
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Tell him to get the Jamii Bora Bonds. Returns are at 13% per annum better than the TBills.
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Rank: Elder Joined: 2/16/2007 Posts: 2,114
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Jarida wrote:Tell him to get the Jamii Bora Bonds. Returns are at 13% per annum better than the TBills. What's the tenure of this bond?
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Rank: Member Joined: 11/19/2009 Posts: 3,142
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I intend to buy kshs 2 m worth treasury bonds. 3yr maturity. How do I go about it ?
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Rank: Hello Joined: 4/24/2014 Posts: 4 Location: Nairobi
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Chaka wrote:Jarida wrote:Tell him to get the Jamii Bora Bonds. Returns are at 13% per annum better than the TBills. What's the tenure of this bond? The Tenure is 5 years.First 3 years the rate is Fixed at 13% then the last 2 years, the rate is variable.
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Rank: Elder Joined: 2/16/2007 Posts: 2,114
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migi wrote:I intend to buy kshs 2 m worth treasury bonds. 3yr maturity. How do I go about it ? First you need 2 have a CDS account with CBK..check today's DN smart business pg 9
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Rank: Member Joined: 9/29/2010 Posts: 679 Location: nairobi
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you dont necessarily need your own CDS account, banks act as agents and you could buy bills/bonds under a banks client account
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