May 6 – May 13, 2022: Weekly financial markets review and outlook with Stephen Kaboyo

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The shilling nursed losses testing 100 day low touching 3600 technical level, pressured by substantial demand from commercial banks, energy and manufacturing sectors. The UGX trend was similar to its peers in the region where the Kenya and Tanzania currencies were equally bearish .In the fixed income, the yields have bottomed out as investors expect interest rates to start rising as government lea