Kenyan Bank Crisis Pushes Money Toward Government-Debt Haven

Updated on
  • Yields on three-month Treasuries at lowest in three years
  • Liquidity ample in interbank market, rate near five-year low

Kenyan Treasury yields have dropped to almost three-year lows as the collapse of three banks within nine months in East Africa’s largest economy prompts lenders and pension funds to seek out the relative safety of government debt.

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