Bond deals up 50pc in two months on yields hunt

The Central Bank Of Kenya.

Photo credit: File | Nation Media Group

The value of bonds traded on the Nairobi bourse grew by 50 percent in the first two months of the year compared to the corresponding period last year, highlighting the rising demand for papers with high coupon rates as new auctions register lower interest rates.

Data from the stock exchange shows that bondholders traded Sh660.04 billion worth of the government securities in the period, comprising Sh276.23 billion in January and Sh381.81 billion in February.

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Note: The results are not exact but very close to the actual.