10012016Sat
Last update: Sat, 01 Oct 2016 08am

Middle East & Africa

Markets - Fixed Income - Middle East & Africa

Kenya 91-day T-bill yield falls to 9.654pc NAIROBI: The weighted average yield on Kenya's 91-day Treasury bills fell to 9.654 percent at an auction on Thursday from 13.763 percent last week, the central bank said. The bank offered bills worth 6 billion shillings ($58.71 million) and received bids worth 22.85 billion shillings. It accepted bids worth 8.37 billion shillings. Copyright Reuters, 2015 ...

Markets - Fixed Income - Middle East & Africa

Uganda's 91-day Treasury bills yield nudges lower at auction KAMPALA: Rates on Uganda's benchmark 91-day Treasury bills edged down at an oversubscribed auction on Wednesday where a total of 170 billion shillings ($48.71 million) worth of debt was on offer. During the sale, the weighted average yield on the 91-day bills went down to 21.060 percent from the 21.253 percent fetched at the last sale, held on October 28. Rates on the 182-, and 364-day tenors remained broadly stable. Copyright Reuters, 2015 ...

Markets - Fixed Income - Middle East & Africa

Kenya debt yields steady as investors gain confidence NAIROBI: Kenya central bank governor said on Tuesday that investors were confident that the government was "on top of its borrowing plan" and this was helping stabilise yields on government securities. "In that sense there is much more credibility in terms of interest rates remaining where they are," Governor Patrick Njoroge told a senate committee after yields on Treasury bills tumbled last week after climbing well above 20 percent. The government has forecast a budget ...

Markets - Fixed Income - Middle East & Africa

Egypt's 5-Year, 10-Year treasury bonds rise marginally CAIRO: Yields on five-year and ten-year Egyptian treasury bonds rose marginally at an auction on Monday. The average yield on five-year bonds rose to 13.167 percent from 13.163 percent in the previous auction on November 2, while the yield on ten-year bonds also rose slightly to 15.373 from 15.367 percent at the last auction on November 2. The central bank had offered 3 billion Egyptian pounds for the five-year bonds and 2.25 billion pounds for ...

Markets - Fixed Income - Middle East & Africa

Nigeria raises 123bn naira on T-bills at lower yields LAGOS: Nigeria raised 122.95 billion naira ($618 million) on Treasury bills with maturities from three months to a year at an auction on Wednesday, with yields lower than at previous auctions, the central bank said on Thursday. The result of the auction showed that the bank sold 45.17 billion naira worth of three-month paper at 5.82 percent compared with 8.49 percent at the Oct. 21 auction. It also sold 23.43 billion naira worth of six-month ...

Markets - Fixed Income - Middle East & Africa

Mauritius Treasury bills' yields rise at auction PORT LOUIS: The weighted average yield on Mauritius' 91-day, 182-day and 364-day Treasury bills rose at auction on Friday, the central bank said. The Bank of Mauritius sold all the 1.1 billion rupees ($30.99 million) worth of the debt instruments on offer. The yield on the 91-day bill rose to 2.20 percent from 2.07 percent a previous sale on Oct. 16. Investors put bids worth 1.505 billion rupees but the bank sold only 610.9 million ...

Markets - Fixed Income - Middle East & Africa

Kenyan Treasury bills' yields rise at auction NAIROBI: The yield on Kenya's 364-day Treasury bill jumped to 22.363 percent at auction on Wednesday from 21.882 percent at last week's auction, the central bank said. The yield on the six-month Treasury bill also jumped to 22.291 percent during the same auction, from 21.840 percent last week, the bank said. The bank reported bids worth 20.64 billion shillings ($202.35 million) for the one-year bill, representing a subscription rate of 516 percent. Demand for the ...