Secondary market turnover for bonds declined to Sh283.8 billion in six months.
Given that other asset classes have been hit by the Covid-19 effects, investors viewed bonds as a safe bet to protect their returns.
The benchmark NSE 20 share index was down 27 per cent in the six months to end June at 1,942 points.
Bonds turnover at the Nairobi Securities Exchange (NSE) fell by 21.8 percent in the first half of 2020 compared to a similar period last year as investors held on to the low-risk government securities as a buffer against poor returns elsewhere in a Covid-19 affected economy.
NSE data shows that the secondary market turnover for bonds declined to Sh283.8 billion in the six month period from Sh363.1 billion last year.
