November 20 – November 27, 2020: Weekly financial markets review and outlook with Stephen Kaboyo

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The Uganda shilling clawed back some ground in thin trade with the money markets awash with liquidity. The home unit held steady in the range of 3,680/3,700. In the fixed income space, yields for a 3 year and 15 year printed at 15.50% and 15:30%, indicating an inverted yield curve. Going forward, the broad assumption is that the government additional funding requirements that has been approved