Macro-economic Variables And Performance Of Corporate Bonds At The Nairobi Securities Exchange, Kenya

ABSTRACT Corporate bond recorded a poor performance at the Nairobi Securities exchange (NSE) despite its role in funding companies and in spite of its huge potential as a sustainable source of investment. The primary role of a developed also functioning market for bond is provision of cheaper, long-term finance for funding capital investments. Growth of bond markets is critical to the financial and economic systems of a nation. There is a dearth of studies on performance of corporate bonds in NSE, though the attention is growing. Investors have demonstrated a growing interest in bonds to a po…