Treasury bonds duration falls on interest heat

CBK took Sh7 billion from the tap sale of a 10-year paper, whose auction closed last week.

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The Treasury faces medium to long-term refinancing pressures from shortened maturity times for bonds, as it seeks to avoid the issuance of long-dated securities.

The shortened Treasury bonds duration means the exchequer could be forced to make higher principal repayments to investors in a shorter time duration.

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Note: The results are not exact but very close to the actual.