Reopened bonds normally come with an existing coupon or actual interest rate that was set when the bonds were floated for the first time in the market.
By
Charles Mwaniki
Business Reporter
Nation Media Group
The Central Bank of Kenya (CBK) rejected bids worth Sh35 billion in the latest Treasury bond auction as it pushed back against demands by investors for higher interest returns of up to 15 percent.
Bond prices and yields (the interest rates) have an inverse relationship where the cost of purchasing a bond edge higher when…
Short-term government securities yields continued to rise as investors sought compensation for higher inflation.
In the June sale, the higher yield demands were matched by price discounts of Sh2.86 and Sh5.28 per unit of Sh100 on the 15 and…
The attractiveness of the corporate bonds has been aided by lower interest rates on bank deposits and treasury bills besides a…
Government bonds are generating yields of between 8.9 percent and 14.7 percent in the secondary market at the Nairobi bourse.
The rising returns on government papers are prompting investors to start shifting assets from the Nairobi Securities Exchange…
