ALSO READ: Fiscal deficit to fall to 6.0 percent of GDP in 2018/19 financial yearKenya has been much focused on foreign debt that developments in the domestic debt market have gone unnoticed. This year alone, Kenya is facing Sh850 billion in maturing local loans according to data seen by the Financial Standard, almost half of Kenya’s local debt. A normal yield curve is one in which longer maturity bonds have a higher yield compared to shorter-term bonds due to the risks associated with time. “Our yield curve management hasn’t been the best. There have been occasions where the yield curve is inverted or nearly inverted.

Source: Standard Digital January 23, 2018 07:30 UTC