The recent decline in Treasury bill (T-bill) rates has sparked conversations among Kenyan investors and the broader financial market. The government’s decision to lower these rates follows a global trend of monetary easing, where central banks are cutting interest rates to stimulate economic growth. But what exactly does this mean for Kenyan investors? Let’s explore…
2024 has been a year with big stock market movements for assets like Gold (XAUUSD), Nasdaq100, Bitcoin, and other cryptocurrencies. These assets have had ups and downs, with a notable low point from November 2021 to December 2022. For instance, Bitcoin dropped to around US$15,480 during this time. One major factor behind this drop was…
At the latest Government Securities Auction, Treasury Bills saw a tiny drop in the interest rates offered by the Central Bank of Kenya (CBK). This is the first time we’ve seen this happen in 24 months! CBK got bids totaling KSh 28.5 billion at the Weekly T-Bills auction. That’s against KSh 24 billion offered at…
Curious about the top money market funds in Kenya for December 2023? Here they are! First off, the average daily rate for money market funds in December went up to 12.51% per year, compared to November’s 12.06%. This spike is due to the rising interest rates in government securities, which are a big deal for…
