Yields on Kenya’s Eurobonds have gone up this month, indicating that investors are pricing higher risk on the country at a time debate is focusing on the fast growth of public debt amid fiscal leakages through corruption.
At the end of last week, the secondary market yields on the five-year bond maturing next year stood at 5.75 per cent compared to 5.28 per cent at the beginning of the month, while that of the 10-year bond maturing in 2024 had risen from 6.62 per cent to 7.1 per cent.
