What yield curve is saying on Kenyan investment front

Medium-dated bonds performed better than short- and long-term bonds, a sign of economic concern.

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Lately, there’s been a lot of chat around falling rates. The big question; what next? A brief of the background. Since overall inflation crossed over nine percent late 2022, Treasuries (short term notes such as 364’s) followed suit.

Things remained the same up until the end of Q1 2024 when inflation started to meaningfully climb down to current levels of 2.5 percent.

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