Angelica _ann wrote:rwitre wrote:tom_boy wrote:paulkimani wrote:https://twitter.com/sigjnr/status/1245605560096935938?s=21
Meli imetoboka shimo
So they extended maturity dates without informing clients.
RED FLAG COVID 19 presents a perfect excuse for them!!!
It seems other Kenyan money market funds are still accruing interest for their clients and offers a good place to hide your money from tanking stocks at least for now.
If Covid-19 persists,money market funds in Kenya will come under pressure also like they did in the US where there was a panic of redemptions also putting pressure on commercial paper market that money market funds buy.The Fed was forced to inject trillions into both money market and commercial paper market to bandage the hemorrhage but some bleeding still persists.


Wondering if Kenyan money market funds will also face a crisis of clients redeeming their money and what will CBK and GoK do about it?
Contrarian Investor and Trader.Advocate of free markets,limited government interference in the economy and sound money