July 16 – July 23, 2021: Weekly financial markets review and outlook with Stephen Kaboyo

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The shilling uptrend gained momentum on interbank sell off that improved supply levels in the market. The unit was quoted at 3545/55, a touch stronger from the week’s opening levels. In the money market liquidity was tight, another factor that propelled the local currency.In fixed income market, yields on 3 month and 6 month paper were slightly weaker on renewed concerns on price and reinvestmen