{
  "id": 13165735,
  "title": "Government bond trading falls 40.8pc as market activity slows",
  "url": "https://urgent.news/2026/10/09/government-bond-trading-falls-40-8pc-as-market-activity-slows",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-09T17:17:39.000Z",
  "source": {
    "name": "People Daily Kenya",
    "slug": "people-daily-kenya",
    "url": "https://peopledaily.digital/business/government-bond-trading-falls-40-8pc-as-market-activity-slows"
  },
  "original_language": "en",
  "account": "Secondary market trading in government bonds witnessed a significant 40.8 percent drop during the week ending October 8, 2026, according to the Central Bank of Kenya (CBK). This decline in bond turnover, which decreased from Ksh90.9 billion to Ksh53.8 billion, was accompanied by a slowdown in overall market activity.\n\nDespite the reduced activity in secondary bond trading, the Treasury bill auction held on October 8 saw strong investor demand. Investors submitted bids totaling Ksh75.4 billion, which was 269.3 percent of the advertised Ksh28 billion, with the 91-day Treasury bill attracting the highest share of bids at Ksh50.2 billion. The 182-day and 364-day Treasury bills also received bids, with amounts of Ksh15.5 billion and Ksh9.6 billion, respectively.\n\nThe decline in bond trading was reflected in the performance of the domestic bond market, with gross domestic debt standing at Ksh7.78 trillion as of October 2, 2026. Treasury bonds accounted for 84.28 percent of total government securities, while financial corporations held 79.81 percent of these securities, including commercial banks which held 33.94 percent.\n\nAt the Nairobi Securities Exchange (NSE), key share indices and the value of shares traded experienced declines. The Nairobi All Share Index (NASI) fell by 0.60 percent, the NSE 25 Share Index by 0.27 percent, while the NSE 20 Share Index gained 0.11 percent. Overall market capitalization decreased by 0.60 percent, and equity turnover dropped by 6.65 percent.\n\nYields on Kenya's Eurobonds declined by an average of 2.94 basis points in the international bond market, while yields on bonds issued by Côte d'Ivoire and Angola also fell during the week. The Monetary Policy Committee retained the Central Bank Rate at 8.75 percent at its October 7 meeting, citing strong private-sector credit growth and the need to anchor inflation expectations and support exchange rate stability.",
  "summary": "Trading in government bonds on the secondary market fell by 40.8 per cent in the week ending October 8, 2026, even as investors submitted bids worth Ksh75.4 billion in the latest Treasury bill auction, according to the Central Bank of Kenya (CBK). The CBK’s Weekly Bulletin released on Friday, October 9, 2026, showed that domestic […]",
  "key_points": [
    "Government bond trading in Kenya fell 40.8% in the week ending October 8, 2026.",
    "Treasury bill auction on October 8 saw strong investor demand, with bids totaling Ksh75.4 billion."
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}