Treasury bond yields surge exposes investors to losses

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The Central Bank of Kenya in Nairobi. FILE PHOTO | NMG

Treasury bond yields in the secondary market have risen to as much as 16.5 percent exposing investors to losses from the sharp discounting of the securities prices.

The rising returns for the Nairobi Securities Exchange (NSE)-traded government papers are largely attributable to interest rate pressures in the primary bond markets, which have precipitated to the secondary market over time.

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