March 12 – March 19, 2021: Weekly financial markets review and outlook with Stephen Kaboyo

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The local currency was firmer after marginal losses early in the week, with the recovery guided by subdued market activity as mid-month tax obligations took center stage. Trading was in the range of 3655/65.In the fixed income market, bonds edged weaker as navel gazing bond investors offloaded huge amounts of liquidity in the auction. Yield on the 3 year dropped to 13.997% from the previous 15.750