Fixed Income: During the week, T-bills were oversubscribed, with the overall subscription rate coming in at 156.4%, up from the 96.6% recorded the previous week, partly attributable to the eased liquidity in the money market. The 364-day paper recorded the highest subscription rate, receiving bids worth Kshs 19.4 bn against the offered Kshs 10.0 bn, translating to a subscription rate of 194.0%, an increase from the 112.0% recorded the previous week. Similarly, the subscription rate for the 182-day paper increased to 137.2% from 63.3% recorded the previous week while that of the 91-day paper declined to 110.1% from 141.3% recorded the previous week. The yields on the government papers recorded mixed performance, with the yields on the 182- day and 364-day papers increasing by 4.0 bps and 3.0 bps to 8.1% and 9.5%, respectively, while the yield on the 91-day paper declined by 3.6 bps to 7.3%;