December 3 – December 10, 2021: Weekly financial markets review and outlook with Stephen Kaboyo

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The Uganda shilling extended its gains on sustained flows mainly from remittances against thin demand. The unit traded within the range of 3560/70. In the fixed income, the treasury bill auction was oversubscribed with high bid to cover ratios of 2.81, 1.84 and 1.37. Yields slightly dropped across the short end of the yield curve and traded at 6.501%, 8.5% and 10.45% respectively . In the gl