Nairobi, Oct. 21 -- Investors have piled into the shortest-dated Treasury instrument-the 91-day T-bill-on the expectation that rates will begin to move higher as inflationary pressures re-emerge.

The sale of Treasury bills as leaned towards the shortest dated instrument, where the 91-day paper has received the highest bids from investors in at least the last two auctions.

Published by HT Digital Content Services with permission from Business Daily....