The 364-day Treasury Bill has been heavily oversubscribed for a second consecutive week in Kenya, signaling strong investor demand. This trend follows the re-opening of the 30-year infrastructure bond in early September.

• In the latest auction, KSh 20.23 billion was received in bids for the 364-day T-Bill, with the Central Bank of Kenya (CBK) accepting KSh 11.06 billion at a yield of 9.5483%.
• The CBK is the key organization involved, managing the auctions and setting policies like the Central Bank Rate (CBR).
• Investor interest is attributed to a declining rate environment, with yields on the 364-day T-Bill now approaching parity with the CBK's CBR, which was recently cut to 9.50%.