October 9 – October 16, 2020: Weekly financial markets review and outlook with Stephen Kaboyo

The local currency hit pockets of volatility in early trade but price action became less intense towards the end of week as demand subsided. Mid-month tax payments did little to support the unit. Trading was in the areas of 3700/3710.In the fixed income space, trading was limited to the secondary market as there was no schedule primary market auction.The regional markets saw the Kenya shilling mai