October 23 – October 30, 2020: Weekly financial markets review and outlook with Stephen Kaboyo

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The Uganda shilling was on the back foot as demand mostly from merchandise importers surged mid-week and drove the local unit to test record lows of 3730/50.In the fixed income market segment, yields on government bonds edged higher on both 2 year and 10 year, printing at 14.55% and 16.00% as the markets tried to get to grips with increased government borrowing following the announcement that gove