Kenya’s Treasury bond yield rises to 19.441 percent

The market-weighted average yield on Kenya’s one-year Treasury bond rose to 19.441 percent at an auction on Thursday from 16.452 percent at the last sale in 2012, the central bank said.

The weighted average rate of accepted bids also rose, to 19.062 percent from 16.432 percent at the last sale.

The bank raised 24.97 billion shillings ($236.68 million) from the sale, falling short of its target of 30 billion shillings. ($1 = 105.5000 Kenyan shillings)