Rank: User Joined: 8/15/2013 Posts: 13,237 Location: Vacuum
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mlennyma wrote:obiero wrote:The NSE bear is officially over. All the oversubscribed funds will have to get a resting place and with t-bills approaching single digits, the stock market is likely to see a renewed push upwards. Monday 9th Nov 2015 shall be a key date. Watch and learn is it true or you just want to please our eyes and ears? Habari ndio hiyoQuote:The interbank, a rate at which banks loan to each other, went down to a single digit in weeks, declining to 9.3 per cent, after it hit a high of 25.84 per cent six weeks ago.
The return on Treasury Bills also declined, with the interest rates on the 91-day paper falling by 5 per cent to close at 13.8 per cent last week.
The three-month government paper peaked at 22.5 per cent on October 22. Quote:Treasury Bill auctions had received record interest, with overall subscription rising to 1,065 per cent from 776 per cent the previous week Quote:Despite the oversubscription, the government accepted 17.1 per cent of bids received, equal to Sh21.9 billion, compared to Sh12.0 billion they offered to the market If Obiero did it, Who Am I?
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