This was followed by successful issuance of a 25-year bond in 2010 and a debut 30-year savings development bond in 2011.  ii. Secondary Market Infrastructure Development: In 2008, the CBK in partnership with the Nairobi Stock Exchange adopted the Automated Trading System (ATS) for Treasury bonds.
The Adoption of ATS has improved efficiency and confidence in the Secondary bond market with the settlement cycle shortening to T+3. This initiative and other debt market developments have seen the secondary market activity improve with annual turnover increasing from Ksh.84.14 Bn $ Bn) in 2009 to Ksh.466.07 Bn $ Bn) in 2010.