*91-day T-bill rate dips below 9pc for first time in 27 months* The return on the 91-day Treasury bill fell below nine percent for the first time since October 2022 in the latest auction as the cost of government borrowing adjusted to the latest rate cut by the Central Bank of Kenya (CBK). In the sale, the CBK also took advantage of oversubscription to leave expensive bids on the table, helping cut the rates across all three T-bill tenors. The sale raised offers of Sh44.26 billion, out of which the CBK took up Sh25.14 billion. The 91-day T-bill saw its rate fall to 8.96 percent from 9.11 percent the previous week, while the 182-day rate declined to 9.41 percent from 9.51 percent, and the 364-day rate from 10.75 percent to 10.59 percent. *_📸:Getty_* _*📰:Business daily*_