FinanceThe Big Story

10th – 17th APRIL 2020: Weekly financial markets review with Stephen Kaboyo UGX remains flat, bond appetite remains high and USD holds ground

by Stephen Kaboyo
Stephen Kaboyo, Founder and Managing Director Alpha Capital Partners
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The forex market was calm with the UGX trading flat for most of the trading sessions as market activity was at the lowest ebb. Market players were seen on the fence as demand dipped due to the lockdown. Trading was in a narrow range, holding at UGX3765/3775 on the bid and ask. In the fixed income segment, a treasury bond auction of a 2 year and 5-year bond was held at fixed coupons of 11.00% an

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About the Author

Stephen Kaboyo is the Founder and Managing Director of Alpha Capital Partners, an indigenous Ugandan firm focusing on sovereign asset management, foreign exchange trading strategies and financial markets advisory.