Time flies with great content! Renew in to keep enjoying all our premium content.
Prime
Kenya Eurobond yields fall, shrugging off protests
When risk perception falls, yields go down as prices go up, showing that investors are demanding a premium to let go of their bonds in the expectation that new issuances of similar tenor would pay less interest.
Secondary market yields on Kenya’s Eurobonds inched downwards last week as foreign investors shrugged off the heightened political risk in the aftermath of protests which hit business activity across the country.
Data from the Central Bank of Kenya (CBK) showed that the yields, which are a measure of the risk perception on Kenyan sovereign debt by foreigners, fell by between 0.1 and 0.2 percent across the six outstanding tranches of Eurobonds that trade on the London and Irish stock exchanges.
