October 8 – October 15, 2021: Weekly financial markets review and outlook with Stephen Kaboyo

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The local currency backtracked to hit record lows on demand jitters, testing a key level of 3600. Demand was mainly from oil importers and some interbank activity. In fixed income, government securities auction attracted huge demand as measured by the high bid to cover ratios across the entire curve. The yield on the 91 day held at 6.729%, while at the 6 month and One year, yields slightly went