Yields on Kenya’s Eurobonds rose sharply last week as Russia’s invasion of Ukraine caused investors to flee to safe-haven western bonds, putting in doubt Kenya’s plan to issue new debt by the end of June.
The yields rose by an average of 0.86 percentage points last week, one of the highest weekly jumps since they were listed from 2014, in line with the general performance of other African sovereign bonds which also recorded sharp yield jumps.
