{
  "id": 18527106,
  "title": "CBK: Treasury bill demand surges as bids hit Ksh67.7B",
  "url": "https://urgent.news/2026/11/06/cbk-treasury-bill-demand-surges-as-bids-hit-ksh67-7b",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-06T16:19:42.000Z",
  "source": {
    "name": "People Daily Kenya",
    "slug": "people-daily-kenya",
    "url": "https://peopledaily.digital/business/cbk-treasury-bill-demand-surges-as-bids-hit-ksh67-7b"
  },
  "original_language": "en",
  "account": "The Central Bank of Kenya (CBK) announced that Treasury bill demand surged in the November 5 auction, with bids exceeding Ksh67.7 billion, nearly three times the Ksh28 billion offered by the government. The performance rate reached 241.8 percent, indicating robust interest in short-term government securities, as reported in the CBK Weekly Bulletin on November 6, 2026. The 91-day Treasury bill saw the highest bids, totaling Ksh34.5 billion against an advertised amount of Ksh8 billion. The CBK accepted Ksh34.46 billion for the 91-day bill, while the 182-day and 364-day papers also received significant interest. Interest rates on the 91-day bill stayed the same at 8.750 percent, while they slightly declined for the 182-day and 364-day papers to 8.845 percent and 9.028 percent, respectively. Despite the strong demand, the overall interest rates remained stable, with only minor fluctuations across all three maturities. The steady demand for short-term securities followed a day when investors placed bids worth Ksh99.5 billion for reopened 15-year and 30-year Treasury bonds. The auction's success was attributed to commercial banks maintaining high liquidity in the money market, with excess reserves averaging Ksh31.9 billion above the 3.25 percent Cash Reserve Ratio requirement. The Kenya Shilling Overnight Interbank Average (KESONIA) remained steady at 8.75 percent, and the shilling traded at Ksh129.96 against the US dollar. Foreign exchange reserves reached US$14.699 billion, covering approximately 5.9 months of import costs. Bond turnover in the secondary market decreased by 10.35 percent, and Kenya's Eurobond yields saw a slight average decline of 25.87 basis points. The auction results demonstrated continued investor participation in government securities, with bids surpassing the advertised borrowing targets and stable interest rates reflecting that the heightened demand did not lead to significant increases in borrowing costs.",
  "summary": "Investors submitted bids worth Ksh67.7 billion for Treasury bills in the latest Central Bank of Kenya (CBK) auction, more than double the Ksh28 billion the government had offered. The November 5 auction recorded a performance rate of 241.8 per cent, reflecting strong demand for short-term government securities, according to the CBK Weekly Bulletin released on […]",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}