Beyond bond yields: Is 18pc still a realistic investment target?

Long-term investment success is not about chasing the highest return. It is about giving every shilling a clear purpose and investing accordingly.

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For thousands of Kenyan investors, the maturity of a government bond can feel like a success that creates an immediate question: what should this money do next?

That question is especially relevant as substantial government bonds mature and coupon payments return billions of shillings to investors. The instinct may be to search for another bond offering the kind of return investors became accustomed to when yields approached 18 percent in 2024.

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