Kenyan debt yields seen rising this week

The yields on the Treasury bills are likely to inch up at this week's auction in step with rising overnight rates. The Central Bank will sell Treasury bills of all maturities worth a total of Sh8 billion in two separate auctions during the week.

Traders said an acute liquidity squeeze in the money markets would also push yields up as it could potentially curb demand at the auctions. The overnight lending rate hit a high of 14.02 per cent last Wednesday.