Inflation Fears Push Short-Term Treasury Bill Yields Higher as 91-Day Paper Climbs for Fifth Straight Auction

Auction results released by the Central Bank of Kenya (CBK) for the May 18, 2026 sale show the 91-day yield surging by 12.81 basis points to 8.3176%, narrowing the gap with the 364-day paper to an unusually tight 24 basis points as investors demand higher compensation for even ultra-short-term lending.