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Treasury Bills and Bonds
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Liv
#451 Posted : Saturday, December 24, 2016 12:33:52 PM
Rank: Veteran

Joined: 11/14/2006
Posts: 1,311
KulaRaha wrote:
Interesting scenario unfolding...CBK wants bond rates down, market feel otherwise.

So now what will happen with the 20B CBK could not raise?



By Thursday this week CBK had obtained 13B of this through tap sale of the same bond at 12.509%. I guess by the deadline next week, they will have received almost all the 20B. They've have won.
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KulaRaha
#452 Posted : Saturday, December 24, 2016 8:25:30 PM
Rank: Elder

Joined: 7/26/2007
Posts: 6,514
I hear bulk is from one GoK controlled bank. :)
Business opportunities are like buses,there's always another one coming
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Ericsson
#453 Posted : Saturday, December 24, 2016 10:14:44 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,820
Location: NAIROBI
@kularaha
That must surely be KCB which has the financial muscle to do that
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Ericsson
#454 Posted : Monday, December 26, 2016 1:39:01 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,820
Location: NAIROBI
GOK employees hawajalipwa coz gava is broke.
Then they come up with a reason that IFMIS has broken down.
Interest payments for gok borrowing due and they take first priority
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Cornelius Vanderbilt
#455 Posted : Monday, December 26, 2016 3:38:12 PM
Rank: Member

Joined: 8/15/2015
Posts: 817
Ericsson wrote:
GOK employees hawajalipwa coz gava is broke.
Then they come up with a reason that IFMIS has broken down.
Interest payments for gok borrowing due and they take first priority


for how long will they use this excuse ?time is surely running out
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Ericsson
#456 Posted : Monday, December 26, 2016 9:44:03 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,820
Location: NAIROBI
I’m not an economy expert but i can smell a rat with IFMIS catastrophic breakdown, who is fooling who?
From sources Jubilee regime had to suspend all payments to meet our Army & Police services salaries to avoid revolt.
Jubilee regime is at crossroad they have Eurobond loan to pay 46B to be precise before year closes & there is no money.
There is an emergency meeting tomorrow to address EuroBond payment which is pressing jubilee thus why a holiday tomorrow.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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wukan
#457 Posted : Tuesday, December 27, 2016 8:17:06 AM
Rank: Veteran

Joined: 11/13/2015
Posts: 1,658
Ericsson wrote:
I’m not an economy expert but i can smell a rat with IFMIS catastrophic breakdown, who is fooling who?
From sources Jubilee regime had to suspend all payments to meet our Army & Police services salaries to avoid revolt.
Jubilee regime is at crossroad they have Eurobond loan to pay 46B to be precise before year closes & there is no money.
There is an emergency meeting tomorrow to address EuroBond payment which is pressing jubilee thus why a holiday tomorrow.


I saw this on twitter and I think it's alarmist wishful thinking. Govt doesn't run out of money it just inflates itself out of debt. For Eurobond the forex reserves are ok. Early days still
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murchr
#458 Posted : Tuesday, December 27, 2016 8:32:52 AM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
Ericsson wrote:
I’m not an economy expert but i can smell a rat with IFMIS catastrophic breakdown, who is fooling who?
From sources Jubilee regime had to suspend all payments to meet our Army & Police services salaries to avoid revolt.
Jubilee regime is at crossroad they have Eurobond loan to pay 46B to be precise before year closes & there is no money.
There is an emergency meeting tomorrow to address EuroBond payment which is pressing jubilee thus why a holiday tomorrow.



Laughing out loudly Laughing out loudly Laughing out loudly Has your account been hacked?
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
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kaka2za
#459 Posted : Tuesday, December 27, 2016 9:14:38 AM
Rank: Elder

Joined: 10/3/2008
Posts: 4,058
Location: Gwitu
Ericsson wrote:
I’m not an economy expert but i can smell a rat with IFMIS catastrophic breakdown, who is fooling who?
From sources Jubilee regime had to suspend all payments to meet our Army & Police services salaries to avoid revolt.
Jubilee regime is at crossroad they have Eurobond loan to pay 46B to be precise before year closes & there is no money.
There is an emergency meeting tomorrow to address EuroBond payment which is pressing jubilee thus why a holiday tomorrow.


My simplistic conspiracy theory is that IFMIS has made to fail to prove that you can't rely on technology without manual back up.
Truth forever on the scaffold
Wrong forever on the throne
(James Russell Rowell)
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winmak
#460 Posted : Tuesday, December 27, 2016 10:50:20 AM
Rank: Member

Joined: 12/1/2007
Posts: 539
Location: Nakuru
kaka2za wrote:
Ericsson wrote:
I’m not an economy expert but i can smell a rat with IFMIS catastrophic breakdown, who is fooling who?
From sources Jubilee regime had to suspend all payments to meet our Army & Police services salaries to avoid revolt.
Jubilee regime is at crossroad they have Eurobond loan to pay 46B to be precise before year closes & there is no money.
There is an emergency meeting tomorrow to address EuroBond payment which is pressing jubilee thus why a holiday tomorrow.


My simplistic conspiracy theory is that IFMIS has made to fail to prove that you can't rely on technology without manual back up.



Interesting theory
For investors as a whole, returns decrease as motion increases ~ WB
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