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Investors’ profits from Treasury bonds rise eightfold
Bond prices usually have an inverse relationship to yields implying that when interest rate falls, the valuation of previously issued papers will rise on shifting demand.
Treasury bond investors grew profits from selling government papers at the Nairobi bourse eight times to Sh101.4 billion in six months to June as the dealers took advantage of rising prices.
Data from the Capital Markets Authority (CMA) show investor profits from bonds grew from Sh11.1 billion in the six months to June last year.
