Time flies with great content! Renew in to keep enjoying all our premium content.
Prime
Bond trading declines as holders avoid losses
Nairobi Securities Exchange (NSE) on the trading floor of the Exchange building. The Nairobi Securities Exchange (NSE) incubator programme, Ibuka has struggled to revive listings on the bourse more than five years since launching in December 2018. FILE PHOTO | NMG
Secondary bond trading turnover has significantly slumped as investors seek to avoid losses arising from the impact of higher interest rates on listed government securities bought earlier at lower rates.
The rising interest rates on bonds listed at the Nairobi Securities Exchange (NSE) have had the effect of cutting bond prices, exposing investors to losses from the disposal of the treasuries ahead of their maturity.
