Nairobi, March 26 -- Bond turnover at the Nairobi Securities Exchange (NSE) could cross the Sh1 trillion mark for the first time, with the latest data showing that in less than three months, it had already surpassed 60 percent of what was traded in the whole of last year.

By March 21, the bond turnover at the NSE was at Sh436 billion, or 67.8 percent of the Sh643 billion worth of bonds traded in 2023.

The increased bond turnover points to increased liquidity at the secondary market in an asset class that has for long been illiquid as fixed income gains some attraction amidst a bearish equities market.

"This means that the secondary market is being used as an avenue for bringing in new investors, who may not have accessed it at the prim...