Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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maka wrote:Muthawamunene wrote:maka wrote:bird_man wrote:kayhara wrote:Going by the rate ordinary guys are locking funds in mshwari, then if they learn that they can lock the little money they have in T.B from serikali then CBK will have succeeded, plus if they market them on the many fm stations = success The kawaida Wanjiku will want to cash out in 1 or 2 months even when intention was to stay for long.What then?Secondary market at unfavourable rates? Rediscounting... Was just about to ask the same thing. We know you can buy by dialing *8-whatever_#, but how will you dispose of it? Is it liquidly tradable? How will Wanjiku determine if she's getting a fair deal upon selling? But I think the NSE will have provisions for these questions. Something like a leader board showing bids and asks. In that case let 'er rip. 6 months ain't too long wanjiku to wait for an interest payout. Its good. Might even pop this property froth in the long term by giving peeps an alternative investment channel. Equities will take a hit though, as wanjiku exits her positions. Fixed Income Brokers have been fighting such a system for a long time coz if the board comes into place their work ends...Bond trading is more about negotiating wonder how this will work,how many Wanjikus realise that a drop in bps equates to a profit? ... @Hisah also talked about the sophistication of the bond market it was doomed to fail nothing to do with buyers... possunt quia posse videntur
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