The Uganda shilling was on the back foot undermined by an upsurge in demand from importers and interbank. The unit lost its previous week momentum and traded at 3550/60.In fixed income securities market, yields continued to trade flat with BOU seen keeping a tight lid by cutting off speculative bids at the 91-day curve. BOU made up the shortfall by taking more on the 182 and 374-day tenors. Yields printed at 6.601%, 8.000% and 8.899%In the regional markets, the Kenya shilling was stable. However, emerging demand from the energy sector was expected to pile pressure on the currency. Trading held…
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