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Treasury, CBK split over rival exchange for bonds
Under EABX, traders in government securities are allowed to interact and negotiate their transactions as opposed to the current model at the NSE where buyers and sellers do not interact.
The Treasury has broken ranks with the central bank by supporting a new exchange for trading government securities that will rival the Nairobi Securities Exchange (NSE).
The Treasury has backed the new privately owned platform —the East African Bond Exchange (EABX) — which allows investors to trade Treasury bonds outside the Nairobi bourse.
