October 1 – October 8, 2021: Weekly financial markets review and outlook with Stephen Kaboyo

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The local currency was up against elevated demand, trading weaker touching a key level of 3550 with the bearish mode likely to linger on.In the fixed income, yields on government bonds 5 year and 20year bond continued to hold, printing at 13% and 15.5%.Overall, the falling long term yields and renewed demand for yield by foreign investors may tempt the country to lock in lower rates at the long en