Bonds maturity falls on short-term paper surge

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

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The average time to maturity for issued Treasury bonds fell to seven years and nine months or 7.8 years in January, pointing to elevated refinancing pressures on the government as it is forced to meet higher redemptions in a shortened duration.

The Treasury data shows that the average time to maturity for bonds declined from 8.9 years in the same month last year.

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