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Treasury Bills and Bonds
Rank: Elder Joined: 3/2/2009 Posts: 26,328 Location: Masada
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Impunity wrote:maka wrote:Impunity wrote:snipermnoma wrote:Ebenyo wrote:maka wrote:Ebenyo wrote:@ Maka,another question.
If i start with t.bond of 50 k and i want to be adding 50k every now and then,what im supposed to do? Morning...you just reapply during every auction depending on the T bill you want...forms are available online at cbk site make sure you drop them at the correct tender box hapo CBK i mean t.bond not t.bill. You have two options. Apply for subsequent bond offers at CBK, primary market. For example you buy a 5 year bond in a certain month then several months later buy a 10 year bond on offer then (or whichever other is on offer). Buy an existing bond in secondary market. For example buy a 5 year bond in a certain month then several months later return to secondary market to buy the same 5 year bond (or any other that is made available for purchase). What are the chances of getting the Infrastructure Bond in the secondary market? Do u know the of the next release of IFB? You have my email...il get you the IFBs... Thanks. I have some maturing cash in October. @maka, umetuma something to my inbox? In today's paper I can see 5 yr and 20 yr treasury bonds? Any news about IFB? Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Veteran Joined: 4/4/2016 Posts: 1,997 Location: Kitale
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Impunity wrote:Impunity wrote:maka wrote:[quote=Impunity][quote=snipermnoma][quote=Ebenyo][quote=maka][quote=Ebenyo]@ Maka,another question.
If i start with t.bond of 50 k and i want to be adding 50k every now and then,what im supposed to do? Morning...you just reapply during every auction depending on the T bill you want...forms are available online at cbk site make sure you drop them at the correct tender box hapo CBK i mean t.bond not t.bill. You have two options. Apply for subsequent bond offers at CBK, primary market. For example you buy a 5 year bond in a certain month then several months later buy a 10 year bond on offer then (or whichever other is on offer). Buy an existing bond in secondary market. For example buy a 5 year bond in a certain month then several months later return to secondary market to buy the same 5 year bond (or any other that is made available for purchase). ...................,............. Thanks for education.I now know where to start.Im now planning to open the cds account at central bank before january.i will keep you posted. Towards the goal of financial freedom
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Rank: Member Joined: 1/3/2014 Posts: 257
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Ebenyo wrote:Impunity wrote:Impunity wrote:maka wrote:[quote=Impunity][quote=snipermnoma][quote=Ebenyo][quote=maka][quote=Ebenyo]@ Maka,another question.
If i start with t.bond of 50 k and i want to be adding 50k every now and then,what im supposed to do? Morning...you just reapply during every auction depending on the T bill you want...forms are available online at cbk site make sure you drop them at the correct tender box hapo CBK i mean t.bond not t.bill. You have two options. Apply for subsequent bond offers at CBK, primary market. For example you buy a 5 year bond in a certain month then several months later buy a 10 year bond on offer then (or whichever other is on offer). Buy an existing bond in secondary market. For example buy a 5 year bond in a certain month then several months later return to secondary market to buy the same 5 year bond (or any other that is made available for purchase). ...................,............. Thanks for education.I now know where to start.Im now planning to open the cds account at central bank before january.i will keep you posted. Remember there is some lead time between applying for the account and it being opened. So factor that in your plans. If you plan to start buying in Jan, I suggest you apply by Nov.
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Rank: Veteran Joined: 11/14/2006 Posts: 1,311
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@Bond buyers and traders in this forum,
what is your forecast on the rates on 5 and 20 year bonds next week? And why?
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Rank: Elder Joined: 3/2/2009 Posts: 26,328 Location: Masada
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Liv wrote:@Bond buyers and traders in this forum,
what is your forecast on the rates on 5 and 20 year bonds next week? And why? I think the 20 yr paper is fixed at 14%, the 5 year paper will fetch 15%, give or take. My 1 bob forecast! Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Elder Joined: 3/2/2009 Posts: 26,328 Location: Masada
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snipermnoma wrote:Ebenyo wrote:Impunity wrote:Impunity wrote:maka wrote:[quote=Impunity][quote=snipermnoma][quote=Ebenyo][quote=maka][quote=Ebenyo]@ Maka,another question.
If i start with t.bond of 50 k and i want to be adding 50k every now and then,what im supposed to do? Morning...you just reapply during every auction depending on the T bill you want...forms are available online at cbk site make sure you drop them at the correct tender box hapo CBK i mean t.bond not t.bill. You have two options. Apply for subsequent bond offers at CBK, primary market. For example you buy a 5 year bond in a certain month then several months later buy a 10 year bond on offer then (or whichever other is on offer). Buy an existing bond in secondary market. For example buy a 5 year bond in a certain month then several months later return to secondary market to buy the same 5 year bond (or any other that is made available for purchase). ...................,............. Thanks for education.I now know where to start.Im now planning to open the cds account at central bank before january.i will keep you posted. Remember there is some lead time between applying for the account and it being opened. So factor that in your plans. If you plan to start buying in Jan, I suggest you apply by Nov. CDS account takes 14 working days; I f you know people you can get in 5 days like me. Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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Impunity wrote:snipermnoma wrote:Ebenyo wrote:Impunity wrote:Impunity wrote:maka wrote:[quote=Impunity][quote=snipermnoma][quote=Ebenyo][quote=maka][quote=Ebenyo]@ Maka,another question.
If i start with t.bond of 50 k and i want to be adding 50k every now and then,what im supposed to do? Morning...you just reapply during every auction depending on the T bill you want...forms are available online at cbk site make sure you drop them at the correct tender box hapo CBK i mean t.bond not t.bill. You have two options. Apply for subsequent bond offers at CBK, primary market. For example you buy a 5 year bond in a certain month then several months later buy a 10 year bond on offer then (or whichever other is on offer). Buy an existing bond in secondary market. For example buy a 5 year bond in a certain month then several months later return to secondary market to buy the same 5 year bond (or any other that is made available for purchase). ...................,............. Thanks for education.I now know where to start.Im now planning to open the cds account at central bank before january.i will keep you posted. Remember there is some lead time between applying for the account and it being opened. So factor that in your plans. If you plan to start buying in Jan, I suggest you apply by Nov. CDS account takes 14 working days; I f you know people you can get in 5 days like me. Can even take more than 14 days... possunt quia posse videntur
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Rank: Elder Joined: 3/2/2009 Posts: 26,328 Location: Masada
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maka wrote:Impunity wrote:snipermnoma wrote:Ebenyo wrote:Impunity wrote:Impunity wrote:maka wrote:[quote=Impunity][quote=snipermnoma][quote=Ebenyo][quote=maka][quote=Ebenyo]@ Maka,another question.
If i start with t.bond of 50 k and i want to be adding 50k every now and then,what im supposed to do? Morning...you just reapply during every auction depending on the T bill you want...forms are available online at cbk site make sure you drop them at the correct tender box hapo CBK i mean t.bond not t.bill. You have two options. Apply for subsequent bond offers at CBK, primary market. For example you buy a 5 year bond in a certain month then several months later buy a 10 year bond on offer then (or whichever other is on offer). Buy an existing bond in secondary market. For example buy a 5 year bond in a certain month then several months later return to secondary market to buy the same 5 year bond (or any other that is made available for purchase). ...................,............. Thanks for education.I now know where to start.Im now planning to open the cds account at central bank before january.i will keep you posted. Remember there is some lead time between applying for the account and it being opened. So factor that in your plans. If you plan to start buying in Jan, I suggest you apply by Nov. CDS account takes 14 working days; I f you know people you can get in 5 days like me. Can even take more than 14 days... My lady at CBK told me that if it takes more than 14 days to get a CDS account then its your commercial bank who is playing the delay tactics! Big banks/tier-1 are notorius for doing that especially if you have a monied account with them. Want to open a CDS account chap chap? Move your cash (if above 1 million) from tier-1 to KWFT or Faulu temporarily then wire them back to tier-1 or CBK direct after getting CDS account and/or after successfully bidding the bills/bonds. Now you know. Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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Impunity wrote:maka wrote:Impunity wrote:snipermnoma wrote:Ebenyo wrote:Impunity wrote:Impunity wrote:maka wrote:[quote=Impunity][quote=snipermnoma][quote=Ebenyo][quote=maka][quote=Ebenyo]@ Maka,another question.
If i start with t.bond of 50 k and i want to be adding 50k every now and then,what im supposed to do? Morning...you just reapply during every auction depending on the T bill you want...forms are available online at cbk site make sure you drop them at the correct tender box hapo CBK i mean t.bond not t.bill. You have two options. Apply for subsequent bond offers at CBK, primary market. For example you buy a 5 year bond in a certain month then several months later buy a 10 year bond on offer then (or whichever other is on offer). Buy an existing bond in secondary market. For example buy a 5 year bond in a certain month then several months later return to secondary market to buy the same 5 year bond (or any other that is made available for purchase). ...................,............. Thanks for education.I now know where to start.Im now planning to open the cds account at central bank before january.i will keep you posted. Remember there is some lead time between applying for the account and it being opened. So factor that in your plans. If you plan to start buying in Jan, I suggest you apply by Nov. CDS account takes 14 working days; I f you know people you can get in 5 days like me. Can even take more than 14 days... My lady at CBK told me that if it takes more than 14 days to get a CDS account then its your commercial bank who is playing the delay tactics! Big banks/tier-1 are notorius for doing that especially if you have a monied account with them. Want to open a CDS account chap chap? Move your cash (if above 1 million) from tier-1 to KWFT or Faulu temporarily then wire them back to tier-1 or CBK direct after getting CDS account and/or after successfully bidding the bills/bonds. Now you know. I have never and will never use a bank to do bonds...most notorious Stanchart they dont settle for retail clients.So if you have a bank account with them pole sana...NIC-Barclays Treasury settle promptly possunt quia posse videntur
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Rank: Elder Joined: 3/2/2009 Posts: 26,328 Location: Masada
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maka wrote:Impunity wrote:maka wrote:Impunity wrote:snipermnoma wrote:Ebenyo wrote:Impunity wrote:Impunity wrote:maka wrote:[quote=Impunity][quote=snipermnoma][quote=Ebenyo][quote=maka][quote=Ebenyo]@ Maka,another question.
If i start with t.bond of 50 k and i want to be adding 50k every now and then,what im supposed to do? Morning...you just reapply during every auction depending on the T bill you want...forms are available online at cbk site make sure you drop them at the correct tender box hapo CBK i mean t.bond not t.bill. You have two options. Apply for subsequent bond offers at CBK, primary market. For example you buy a 5 year bond in a certain month then several months later buy a 10 year bond on offer then (or whichever other is on offer). Buy an existing bond in secondary market. For example buy a 5 year bond in a certain month then several months later return to secondary market to buy the same 5 year bond (or any other that is made available for purchase). ...................,............. Thanks for education.I now know where to start.Im now planning to open the cds account at central bank before january.i will keep you posted. Remember there is some lead time between applying for the account and it being opened. So factor that in your plans. If you plan to start buying in Jan, I suggest you apply by Nov. CDS account takes 14 working days; I f you know people you can get in 5 days like me. Can even take more than 14 days... My lady at CBK told me that if it takes more than 14 days to get a CDS account then its your commercial bank who is playing the delay tactics! Big banks/tier-1 are notorius for doing that especially if you have a monied account with them. Want to open a CDS account chap chap? Move your cash (if above 1 million) from tier-1 to KWFT or Faulu temporarily then wire them back to tier-1 or CBK direct after getting CDS account and/or after successfully bidding the bills/bonds. Now you know. I have never and will never use a bank to do bonds...most notorious Stanchart they dont settle for retail clients.So if you have a bank account with them pole sana...NIC-Barclays Treasury settle promptly I am not saying that you buy the bonds through your commercial banks. What I say is that the CBK will you to have a commercial bank account in order to do the bills/bonds. Now your bank will need to do some checking and stamping some forms from CBK, and its at that point when they take their sweet time...with baseless excuses, sijui ohhh our system with CBK is down, commercial director is in Juba, your account has an error which needs to be corrected,sujui be patient youngman, eti patience pays....na saa hiyo the bond market is already closed. Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Veteran Joined: 11/14/2006 Posts: 1,311
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Impunity wrote:Liv wrote:@Bond buyers and traders in this forum,
what is your forecast on the rates on 5 and 20 year bonds next week? And why? I think the 20 yr paper is fixed at 14%, the 5 year paper will fetch 15%, give or take. My 1 bob forecast!
My forecast:
5 year bond coupon rate will average between 13.5 and 13.8%
20 year bond Yield rate will average between 14.3 and 14.7%
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Rank: User Joined: 8/15/2013 Posts: 13,237 Location: Vacuum
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Liv wrote:Impunity wrote:Liv wrote:@Bond buyers and traders in this forum,
what is your forecast on the rates on 5 and 20 year bonds next week? And why? I think the 20 yr paper is fixed at 14%, the 5 year paper will fetch 15%, give or take. My 1 bob forecast!
My forecast:
5 year bond coupon rate will average between 13.5 and 13.8%
20 year bond Yield rate will average between 14.3 and 14.7%
With capping of interest, this will most likely be below 12% If Obiero did it, Who Am I?
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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Liv wrote:Impunity wrote:Liv wrote:@Bond buyers and traders in this forum,
what is your forecast on the rates on 5 and 20 year bonds next week? And why? I think the 20 yr paper is fixed at 14%, the 5 year paper will fetch 15%, give or take. My 1 bob forecast!
My forecast:
5 year bond coupon rate will average between 13.5 and 13.8%
20 year bond Yield rate will average between 14.3 and 14.7%
@Liv doubt anyone would want to bid aggressively on this papers...the probability of missing them is quite high. ...guys will undercut each other...lets see how next week goes then we will know how rates will be. possunt quia posse videntur
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Rank: Elder Joined: 3/2/2009 Posts: 26,328 Location: Masada
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Swenani wrote:Liv wrote:Impunity wrote:Liv wrote:@Bond buyers and traders in this forum,
what is your forecast on the rates on 5 and 20 year bonds next week? And why? I think the 20 yr paper is fixed at 14%, the 5 year paper will fetch 15%, give or take. My 1 bob forecast!
My forecast:
5 year bond coupon rate will average between 13.5 and 13.8%
20 year bond Yield rate will average between 14.3 and 14.7%
With capping of interest, this will most likely be below 12% You dont understand this type of business. Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Veteran Joined: 11/14/2006 Posts: 1,311
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maka wrote:Liv wrote:Impunity wrote:Liv wrote:@Bond buyers and traders in this forum,
what is your forecast on the rates on 5 and 20 year bonds next week? And why? I think the 20 yr paper is fixed at 14%, the 5 year paper will fetch 15%, give or take. My 1 bob forecast!
My forecast:
5 year bond coupon rate will average between 13.5 and 13.8%
20 year bond Yield rate will average between 14.3 and 14.7%
@Liv doubt anyone would want to bid aggressively on this papers...the probability of missing them is quite high. ...guys will undercut each other...lets see how next week goes then we will know how rates will be.
@Maka
I based my forecast rates on the yields realized this week in the market.
What would you consider as less aggressive?
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Rank: Elder Joined: 7/26/2007 Posts: 6,514
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5yr at 12.5% 20yr at 14% undersubscribed Business opportunities are like buses,there's always another one coming
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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KulaRaha wrote:5yr at 12.5%
20yr at 14% undersubscribed From cytonn; In line with the Securities Issuance Calendar, the Government issued 2 bonds: a 5-year bond (FXD 3/2016/5) and a reopened 20-year bond (FXD 1/2016/20) looking to raise Kshs 25.0 bn for the purpose of budgetary support. Given (i) the Government is not under pressure to finance the 2016/2017 budget, having raised Kshs 67.4 bn against a pro-rated target of Kshs 53.0 bn, and (ii) the enactment of the Banking (Amendment) Act, 2015 resulting in lower lending rates by commercial banks and preference to lend to the less risky government, we expect downward pressure on interest rates. Therefore, with the secondary market trading at 13.6% and 14.8% for the 5-year and 20-year bond, respectively, we are of the view that investors should bid between 13.25% and 13.80% for the 5-year and between 14.0% and 14.9% for the 20-year bond with more bids towards the latter. possunt quia posse videntur
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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maka wrote:KulaRaha wrote:5yr at 12.5%
20yr at 14% undersubscribed From cytonn; In line with the Securities Issuance Calendar, the Government issued 2 bonds: a 5-year bond (FXD 3/2016/5) and a reopened 20-year bond (FXD 1/2016/20) looking to raise Kshs 25.0 bn for the purpose of budgetary support. Given (i) the Government is not under pressure to finance the 2016/2017 budget, having raised Kshs 67.4 bn against a pro-rated target of Kshs 53.0 bn, and (ii) the enactment of the Banking (Amendment) Act, 2015 resulting in lower lending rates by commercial banks and preference to lend to the less risky government, we expect downward pressure on interest rates. Therefore, with the secondary market trading at 13.6% and 14.8% for the 5-year and 20-year bond, respectively, we are of the view that investors should bid between 13.25% and 13.80% for the 5-year and between 14.0% and 14.9% for the 20-year bond with more bids towards the latter.  possunt quia posse videntur
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Rank: Veteran Joined: 11/14/2006 Posts: 1,311
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maka wrote:maka wrote:KulaRaha wrote:5yr at 12.5%
20yr at 14% undersubscribed From cytonn; In line with the Securities Issuance Calendar, the Government issued 2 bonds: a 5-year bond (FXD 3/2016/5) and a reopened 20-year bond (FXD 1/2016/20) looking to raise Kshs 25.0 bn for the purpose of budgetary support. Given (i) the Government is not under pressure to finance the 2016/2017 budget, having raised Kshs 67.4 bn against a pro-rated target of Kshs 53.0 bn, and (ii) the enactment of the Banking (Amendment) Act, 2015 resulting in lower lending rates by commercial banks and preference to lend to the less risky government, we expect downward pressure on interest rates. Therefore, with the secondary market trading at 13.6% and 14.8% for the 5-year and 20-year bond, respectively, we are of the view that investors should bid between 13.25% and 13.80% for the 5-year and between 14.0% and 14.9% for the 20-year bond with more bids towards the latter.
@Maka,
Thanks for the info.
My forecast is a subset of the Cytonn rates, only that their ranges are wider. The basis is the current market yields. That's why I thought they are not that aggressive as you said
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Rank: Elder Joined: 3/2/2009 Posts: 26,328 Location: Masada
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maka wrote:Liv wrote:Impunity wrote:Liv wrote:@Bond buyers and traders in this forum,
what is your forecast on the rates on 5 and 20 year bonds next week? And why? I think the 20 yr paper is fixed at 14%, the 5 year paper will fetch 15%, give or take. My 1 bob forecast!
My forecast:
5 year bond coupon rate will average between 13.5 and 13.8%
20 year bond Yield rate will average between 14.3 and 14.7%
@Liv doubt anyone would want to bid aggressively on this papers...the probability of missing them is quite high. ...guys will undercut each other...lets see how next week goes then we will know how rates will be. Its sad I am liquid at the time the rates are looking south with a dark cloud of uncertainity!!!  Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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