A look at Kenyan markets in FY 2019
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Treasury prices were rising, and the 10-year yield has slipped to 3.156% in midmorning trading, as September retail sales grew more slowly than economists had forecast, but business activity in the New York region was a bit stronger than expected. The U.S. dollar fell 0.3% against major currencies. The Turkish lira, up 1.5%, was the best performer of the group, while the Brazilian real climbed 1.4% and the South African rand rose 1.1%. The lira and the rand were among the hardest hit in the emerging-market selloff earlier this year, and the real has been rallying ahead of the country’s elections. Here’s more from the world of bonds and FX.
Single-A-rated corporate bonds might be a larger concern than triple-Bs, Merrill Lynch says.