April 22 – April 29, 2022: Weekly financial markets review and outlook with Stephen Kaboyo

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The Uganda shilling was on the back foot undermined by an upsurge in demand from importers and interbank. The unit lost its previous week momentum and traded at 3550/60.In fixed income securities market, yields continued to trade flat with BOU seen keeping a tight lid by cutting off speculative bids at the 91-day curve. BOU made up the shortfall by taking more on the 182 and 374-day tenors. Yields