Appetite for longer-dated Kenyan Treasury bills is expected to wane in the coming week as investors weigh uncertainty around the process and the outcome of elections in March. The Central Bank plans to auction 91- and 182-day Treasury bills worth a total Sh7 billion. It will also sell a reopened 5-year Treasury bond and a 20-year bond worth up to Sh15 billion, which are expected to attract good demand because they offer higher yields than those available on the secondary market. At the last sale of the 5-year bond in July, its weighted yield rose to 13.55 per cent from 11.86 per cent in May...
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