Kenya's bonds recover some losses after election dispute tumble

Kenya's government bonds recovered some losses on Tuesday as the country braced for a legal battle over the presidential election win awarded to current deputy president William Ruto.

The country's 2024 maturing bond was up more than 2.6 cents in the dollar at 1000GMT, while others rose between 0.8 and 1.9 cents, according to Tradeweb data, recouping some of the sharp falls seen on Monday after the announcement of the election result descended into chaos.

Calm returned to the western city of Kisumu and Nairobi's Kibera slum on Tuesday after protestors had battled police ovenight. Both are strongholds of opposition leader Raila Odinga, who is due to address the media at 1100 GMT, according to a tweet by his spokesman.

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[Reuters]