Costly loans beckon as government paper rates hit record levels

Treasury Cabinet Secretary Njuguna Ndung’u. FILE PHOTO | DIANA NGILA | NMG

Homes and businesses face costly loans as the government steps up borrowing from the domestic market, pushing returns on bond and Treasury bills to record levels.

The government has in recent weeks increased borrowing amid below-target revenue collections and reduced reliance on debt for the better half ending in December.

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