Yields on Kenya’s short-term domestic debt securities have room to move lower after halving in the past year as the central bank continues its easing cycle, according to company executives.
Returns for the six-month Treasury bills have fallen the most of the batch, down nearly nine percentage points in the past year to 8.12% at the latest auction. Yields on three-month and one-year securities have dropped by more than 8 percentage points.
Monetary policymakers have slashed the benchmark central bank rate by 350 basis points in the past 12 months, as inflation fell well within their target range. Rates could ...