The Uganda shilling perched on the stable side supported by corporate and interbank market activity and held broadly in the range of 3515/25.In the bond market, investors continued to show huge appetite for the local bonds, with the demand two times over against the offer of 500 billion split into a 3 and 10-year bonds. Yields remained relatively flat at 12.090% for the 3-year bond and 14.390% for the 10 year.In the regional markets, the Kenya shilling held firm at 113.45/55 as the Central Bank of Kenya kept the policy rate unchanged at 7%. Forecast, however, indicates likely easing as…
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