The Uganda shilling tumbled further, undermined by a surge in demand from offshore investors on a race for liquidity as international sentiment triggered flight to safety. Trading was in the range of 3550/60.In the fixed income market, yields in short term government securities remained unchanged with markets taking a view that yields have bottomed out following a consistent correlation of current 91 day benchmark rate to the Central bank policy rate. Yields printed at 6.501%,8.401%, and 9.700% respectively.In regional markets, the Kenyan, Zambian , Nigerian and Tanzanian currencies were all facing fresh pressure on account of costly imports and debt…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
