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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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My 2 cents wrote:Is there not a secondary market for the 21 year bonds? You dont have to hold to maturity. There is a secondary market for all the bonds issued by the govt... Plus corporate bonds. possunt quia posse videntur
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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MatataMingi wrote:In other news, Tbill rates are creeping upwards.
I am 75 year old veteran of CBK investing, having first started about 40 years ago.
At my age, I cannot invest in these 21 year bonds.
I am waiting for 2 to 5 year bonds, but these are very rare nowadays.
CBK should consider these shorter term bonds. A lot of people like myself would move from Tbills to these bonds, thus helping CBK to spread their borrowing to more than 91/182/364 days.
It is so easy selling a bond in the secondary market these days. You forego around 2- 2.5% by buying those shorter end bonds. If you look at the price list for the last few months the below 50 million section is flooded with small lots being sold. Retail activity has also increased many times over. I know someone who is almost your age and has packed a sizeable amount in longer tenor papers mostly IFBs. possunt quia posse videntur
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Rank: Member Joined: 11/17/2009 Posts: 398 Location: Where everyone knows you
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@ maka. THANKS a lot. Much appreciated.
I have been just buying primary issues all this time,and holding them to maturity.
It would be GREAT if I could buy long term bonds and off load them when necessary. I could even buy bonds with 2 to 5 years left to maturity.
However, where do I find these offers? Is there a website that you can direct me to?
Thanks
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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MatataMingi wrote:@ maka. THANKS a lot. Much appreciated.
I have been just buying primary issues all this time,and holding them to maturity.
It would be GREAT if I could buy long term bonds and off load them when necessary. I could even buy bonds with 2 to 5 years left to maturity.
However, where do I find these offers? Is there a website that you can direct me to?
Thanks Remember we run an OTC market it is all about negotiation. If you have a broker ask them to share their flows with you then you can negotiate with them. At least the retail market has picked up nicely so many papers available... possunt quia posse videntur
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Rank: Member Joined: 11/17/2009 Posts: 398 Location: Where everyone knows you
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maka wrote:MatataMingi wrote:@ maka. THANKS a lot. Much appreciated.
I have been just buying primary issues all this time,and holding them to maturity.
It would be GREAT if I could buy long term bonds and off load them when necessary. I could even buy bonds with 2 to 5 years left to maturity.
However, where do I find these offers? Is there a website that you can direct me to?
Thanks Remember we run an OTC market it is all about negotiation. If you have a broker ask them to share their flows with you then you can negotiate with them. At least the retail market has picked up nicely so many papers available... @ maka, I don't have a broker. Any recommendations? Thanks
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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MatataMingi wrote:maka wrote:MatataMingi wrote:@ maka. THANKS a lot. Much appreciated.
I have been just buying primary issues all this time,and holding them to maturity.
It would be GREAT if I could buy long term bonds and off load them when necessary. I could even buy bonds with 2 to 5 years left to maturity.
However, where do I find these offers? Is there a website that you can direct me to?
Thanks Remember we run an OTC market it is all about negotiation. If you have a broker ask them to share their flows with you then you can negotiate with them. At least the retail market has picked up nicely so many papers available... @ maka, I don't have a broker. Any recommendations? Thanks I use either AIB (AIB -AXYS) or Genghis Capital... Both have worked perfectly well for me in terms of execution and also getting order flows. Rem on your ATS registration you can appoint up to 5 different brokers. possunt quia posse videntur
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Rank: Member Joined: 11/17/2009 Posts: 398 Location: Where everyone knows you
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maka wrote:MatataMingi wrote:maka wrote:MatataMingi wrote:@ maka. THANKS a lot. Much appreciated.
I have been just buying primary issues all this time,and holding them to maturity.
It would be GREAT if I could buy long term bonds and off load them when necessary. I could even buy bonds with 2 to 5 years left to maturity.
However, where do I find these offers? Is there a website that you can direct me to?
Thanks Remember we run an OTC market it is all about negotiation. If you have a broker ask them to share their flows with you then you can negotiate with them. At least the retail market has picked up nicely so many papers available... @ maka, I don't have a broker. Any recommendations? Thanks I use either AIB (AIB -AXYS) or Genghis Capital... Both have worked perfectly well for me in terms of execution and also getting order flows. Rem on your ATS registration you can appoint up to 5 different brokers. Once again, thanks a lot maka. Your assistance is highly appreciated. I will check out these brokers.
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Rank: Veteran Joined: 10/9/2006 Posts: 1,502
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Inflation higher than the current Treasury Bills on offer. work to prosper
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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Tokyo wrote:Inflation higher than the current Treasury Bills on offer. Kitumbua kimeingia mchanga... Rates will have to shift upwards gradually... Guys will move from the 91 day and 182 day.... Lets wait and see what happens during the next auction. possunt quia posse videntur
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Rank: Member Joined: 11/17/2009 Posts: 398 Location: Where everyone knows you
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In the meantime, there are some 15 year reopened Bonds on offer this month.
One of these has 6.4 years to maturity.
That will suit me quite well.
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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MatataMingi wrote:In the meantime, there are some 15 year reopened Bonds on offer this month.
One of these has 6.4 years to maturity.
That will suit me quite well. This is the implied yield for FXD 1.2013.15 as at end of last week the 24th .... It will roughly guide you how the paper will be priced during auction...  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:MatataMingi wrote:In the meantime, there are some 15 year reopened Bonds on offer this month.
One of these has 6.4 years to maturity.
That will suit me quite well. This is the implied yield for FXD 1.2013.15 as at end of last week the 24th .... It will roughly guide you how the paper will be priced during auction... This is how it might look in terms of pricing.... will probably go higher so there will be a discount for this.  possunt quia posse videntur
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Rank: Member Joined: 11/17/2009 Posts: 398 Location: Where everyone knows you
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@ maka,
You are a gem. This is outstanding information. Thank you very much.
I submitted my bid as non competitive (Average) price.
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Rank: Elder Joined: 6/23/2009 Posts: 13,516 Location: nairobi
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maka wrote:Tokyo wrote:Inflation higher than the current Treasury Bills on offer. Kitumbua kimeingia mchanga... Rates will have to shift upwards gradually... Guys will move from the 91 day and 182 day.... Lets wait and see what happens during the next auction. I really miss Kibaki. Such a thing never could happen under his watch. And the securities exchange offered much higher ROI than bills and bonds
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Veteran Joined: 10/9/2006 Posts: 1,502
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If the current 91 days Treasury bill rates remain, I will temporarily halt trading and focus more elsewhere. work to prosper
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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Tokyo wrote:If the current 91 days Treasury bill rates remain, I will temporarily halt trading and focus more elsewhere. Inflation will rise faster than the rates Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 6/23/2009 Posts: 13,516 Location: nairobi
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Ericsson wrote:Tokyo wrote:If the current 91 days Treasury bill rates remain, I will temporarily halt trading and focus more elsewhere. Inflation will rise faster than the rates Inevitably
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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Anytime now... possunt quia posse videntur
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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EABL Bond, how do you rate it? In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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Angelica _ann wrote:EABL Bond, how do you rate it? Still looking at it... Lakini from mapema you can get a better paper in the secondary market....  possunt quia posse videntur
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