July 31 – August 7, 2020: Weekly financial markets review and outlook with Stephen Kaboyo Shillings holds on firm as it shapes up for a stable week ahead with likely marginal appreciation ahead of upcoming monetary policy announcement

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The local currency traded unchanged, holding firm for most of the trading sessions on the back of offshore portfolio flows that improved supply conditions in the market. Bid and ask for the shilling was at 3683/93. In the fixed income market, yields on government bonds of 2 and 5 year printed at 13.80% and 15.35% with pre-determined coupons of 11.000%and 16.625%. Regional markets Regional