heri wrote:I want to put some money in these bonds but I keep wondering if this KK government will eventually default. So much lack of confidence 9 months since they assumed power. Most if not all appointments made have been so disappointing. Can the calibre of such people really get us out of the hole Uhuru left us in or we are just digging
I doubt that the Government can risk a default.
There are a lot of investments from local pension and mutual funds.
Plus all local banks have sizeable holdings.
I think that at the most, they will offer switch bonds for maturing bills and bonds, like they have done recently.