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Prime
Typically, as rates fall, bonds with higher yields become more attractive causing prices to rise.
By Rufus Mwanyasi
Managing Director
Canaan Capital Limited
Investors gave the cold shoulder to Sh24 billion of Treasury Bills for sale on Monday with bidding for some issues at its lowest in nearly 12 months.
Some blame the poor demand on inflation as others believe the holiday week prior might have had a negative impact on auction participation.
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