July 9 – July 16, 2021: Weekly financial markets review and outlook with Stephen Kaboyo

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The shilling traded with uptrend bias supported by sizeable flows mainly from commodities and portfolio funds targeting the bond market. Market players quoted the shilling at 3540/50.In the bond market, the 500 billion offer on the 5 and 20-year curve attracted overwhelming demand with yields holding at 13.409% and 15.950%. The split in offer, providing a large amount for the 20-year tenor support