THE steady decline in short-term
government securities and money market fund rates continues to mirror the
impact of easing inflation and a stabilising economy.
The Kenya National Bureau of
Statistics last week reported that the economy expanded by five per cent in the second quarter of
2025, up from 4.6 per cent in
the same period last year. The growth was attributed to a rebound in industrial
activity, resilience in key service sectors, and steady agricultural
performance.
This stronger macroeconomic environment
has led to lower yields on
short-term investments such as Treasury Bills, a key component of MMF
portfolios.
