Kenya: Eurobond underperforms as Middle East conflict impacts sovereign’s fiscal position
The fallout from the conflict in the Middle East risks materially weakening structural reform efforts by the Kenyan government over the last two years. Eurobond spreads have reacted and Kenya’s Eurobond yields have increased by 104 bps since the start of the conflict—more than the broad EM index and Egypt, and only lower than Senegal […]