March 5 – March 12, 2021: Weekly financial markets review and outlook with Stephen Kaboyo

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The Uganda shilling inched down towards the end of the week as interbank demand rebounded, trading at 3660/3670 compared to previous week’ s closing of 3655/3665 .In the fixed income market, short dated government treasuries firmed with yields falling to 6.999%, 10.300% and 11.847% for 91,182 and 364 day tenors respectively. Record demand at the auction suggests the lure of relatively high yield