Secondary market trading in government bonds on the Nairobi Securities Exchange (NSE) hit a record Sh2.7 trillion in 2025 as investors piled into fixed‑income securities, nearly doubling last year’s total and underscoring strong appetite for yield in a falling interest‑rate environment. At current exchange rates roughly Ugx 27.0, that turnover is equivalent to about Ugx 73 trillion, this activity showing the scale of capital moving through East Africa’s largest bourse. The surge according to market analysts has boosted expected commission income for stockbrokers and reflects broader investor confidence in Kenyan debt instruments.