Short-term debt set to dominate August auction

The National Treasury Building in Nairobi. FILE PHOTO | NMG

Short-term benchmark bonds are expected to take the centre stage from this month at the expense of long-tenor securities as government ups its current financial year borrowing.

Analysts at investment bank Genghis Capital in a quarter-three macro-economic and fixed income report say the yield curve exhibits relative flatness on the long-end and has not offered attractive opportunities commensurate with the longer maturities.

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