Yields on Kenya 364-day, 182-day T-bills fall

NAIROBI: The weighted average yield on Kenya's 364-day Treasury bills fell to 12.838 percent at auction on Wednesday from 13.250 percent last week, the central bank said.

The yield on the 182-day bill dropped to 11.267 percent from 11.925 percent last week.

The bank received bids worth 22.8 billion shillings ($225 million) for the 12 billion shillings it offered across the two bonds. It accepted 15 billion shillings.

Next week, the bank will sell bills of all maturities worth a total 16 billion shillings in two separate auctions, it said.