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Meanwhile In Kenya, "Investors" Are Rushing Into Treasury Bills

Tyler Durden's picture




 

You know it's bad when...

Complacency has returned with a vengeance as investors rushed into 3-month T-Bills when Kenyan Treasury issued them this week...

 

The weighted average yield on Kenya's 91-day Treasury bill plummeted to 13.763 percent at a heavily oversubscribed auction on Thursday, compared to 19.471 percent at last week's sale, the central bank said.

As the auction's bid-to-cover spiked to a massively unprecedented record high.

It offered bills worth 4.0 billion shillings ($39.20 million) and received bids worth 44.6 billion shillings. It accepted bids worth 7.3 billion shillings ($71.53 million).

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After all - what could go wrong in 3 months, right?

Charts: Bloomberg

 

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Thu, 11/05/2015 - 15:33 | 6754593 Dr. Engali
Dr. Engali's picture

What can go wrong in three months? Obama could return home, bad for Kenya..., bullish for the U.S.

Thu, 11/05/2015 - 16:33 | 6754890 SILVERGEDDON
SILVERGEDDON's picture

Bullish on machete futures in Kenya. Hopefully the bubble coincides with his return to the homeland.

Thu, 11/05/2015 - 15:33 | 6754597 This is it
This is it's picture

Only the Zulu chicks matter.

Thu, 11/05/2015 - 15:43 | 6754642 Bush Baby
Bush Baby's picture

My Spider Senses are tingling with the idea that in some fucking way, the VW scandal and Merkel letting in millions of Muslims into Germany is related

Thu, 11/05/2015 - 15:45 | 6754649 Joebloinvestor
Joebloinvestor's picture

I hope the plan is to have each one suck on a VW tailpipe.

Thu, 11/05/2015 - 15:47 | 6754663 Raymond_K._Hessel
Raymond_K._Hessel's picture

'Theodore N. Kaufman, the author of Germany Must Perish, was a Manhattan-born Jewish businessman who was also chairman of a group that called itself the "American Federation for Peace." The first edition of this slim volume was published in 1940 or early 1941. A second, 96-page edition, which sold for 25 cents, was published in 1941 by Argyle Press of Newark, New Jersey. Both editions were issued when the United States was still officially neutral, that is, before the Pearl Harbor attack of December 7, 1941, that brought the U.S. openly into World War II.'

Germany Must Perish!


Merkel is a Quisling -  paid agent of the Anglo-Zionist Empire. 

Thu, 11/05/2015 - 17:08 | 6755061 tarabel
tarabel's picture

 

 

Well, by definition, a Quisling would NOT be an agent of the Anglo-Zionist Empire when one considers which empire old Vidkun actually worked for.

But I don't understand what any of this has to do with Kenyan T-bills. Are the Kenyans still mad about the Queen giving away Mt. Kilimanjaro and this somehow equates to a virulent hatred towards all female politicians everywhere? 

Thu, 11/05/2015 - 16:08 | 6754760 Bernoulli
Bernoulli's picture

Somebody very powerful has something on Merkel that is for sure. And the hits keep coming:

1) you sanction Russia (and shoot your own foot) - check

2) you "pay" "for Greece" - check

3) you get a million refugees per year - check

4) the "made in Germany label" will be worth shit - check

and up next:

5) Turkey will join the EU

and of course:

6) forget about your gold, you'll never get it back (because it's gone)

Now who could the blackmailer be? And what on earth would he/she have on Merkel?

Thu, 11/05/2015 - 17:24 | 6755135 samjam7
samjam7's picture

Why blackmail? Why not think that she does this in good will serving her true lords the cabal? I think Merkel sees herself as a tool for fulfilling the dream of the NWO. What is she set to gain if she works against them, what is she set to lose? Ask yourself that question and it all makes sense. She was just lucky enough that their previous plans for Germany were still in allignment with the well-being of her country, now this has changed and she is willing to sacrifice herself for the 'greater good'.

Thu, 11/05/2015 - 18:17 | 6755329 vollderlerby
vollderlerby's picture

Great post!  Merkel is Germany's Obozo.

Thu, 11/05/2015 - 15:55 | 6754707 Jethro
Jethro's picture

So this means more e-mails from Kenyan princes?

Thu, 11/05/2015 - 16:09 | 6754764 e_goldstein
e_goldstein's picture

Kenya is the new Belgium?

Thu, 11/05/2015 - 16:15 | 6754787 ghostzapper
ghostzapper's picture

You couldn't find any Kenyan babes for the click bait?  I can assure you there are very hot Kenyan girls.  

Thu, 11/05/2015 - 17:01 | 6755035 tarabel
tarabel's picture

 

 

Does Barack Obama count?

Thu, 11/05/2015 - 16:18 | 6754800 youngman
youngman's picture

Its funny how the money just flows around the world...Kenya hot...Greece not now...

Thu, 11/05/2015 - 17:00 | 6755024 tarabel
tarabel's picture

 

 

What the fuck is the matter with the Kenyan Treasury? They had people offer them ten times more "real" money than they asked for AND THEY TURNED MOST OF IT DOWN?

On a currency that is deflating at 13-20 percent a quarter (by optimistic official statistics imputed from the interest rate)?

They could put the whole wad in a reserve currency for three months and probably pay the stupes back in full (in shillings) with half the money they borrowed, since the real rate is most likely much worse than advertised.

Thu, 11/05/2015 - 23:55 | 6756564 Arthur Schopenhauer
Arthur Schopenhauer's picture

If I would have just taken a one year vacation a year ago and gotten back today, I could have missed the whole thing.

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