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Investors earn Sh176bn from Treasury bonds
Investors have been keen on locking in any bond offering a relatively high coupon amid falling interest rates, regardless of tenor, as general interest rates in the fixed income market continue to fall.
Investors who sold their Treasury bonds on the secondary market at the Nairobi bourse made a profit of Sh176 billion after falling returns on new issuances triggered a jump in prices and demand for older, more lucrative papers.
The profits were nearly five times the Sh36.1 billion in earnings the secondary market made in 2024, underlining the dual impact of higher trading activity and prices.
