Kenya 91-day T-bill cut-off rate dips to 1.728 pct

NAIROBI, July 15 (Reuters) - The cut-off interest rate on
Kenya's 91-day Treasury bill dipped to 1.728 percent at
Thursday's auction from 1.801 percent in the previous sale,
central bank said.

The Central Bank of Kenya said it received bids worth 5.3
billion shillings ($65 million) for 5 billion shillings offered.
It accepted 5.2 billion.

A Reuters poll of fixed income traders showed the cut-off
rate dropping to 1.50 percent. [ID:nLDE66D117]

Treasury bill yields have been easing gradually since the
start of the year, partly in response to a series of cuts in the
central bank's benchmark lending rate since December 2008.

(Reporting by George Obulutsa; editing by John Stonestreet)