The Uganda shilling was relatively volatile as it responded to the demand and supply imbalances in the market. Investor sentiment and trading moves were see-sawing most of the sessions. Trading was in the range of 3510/20.In bond market, BOU converted UGX345.9 billion that were due to mature in June extending the maturities to 2023 and 2040. The market response was overwhelming, bids in excess of 570 billion were received. The rationale behind the conversions was to manage lumpy maturities and ease government cash flows.In the regional markets, the Kenya shilling held steady ahead of the sale of the infrastructure bond…
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