September 25 – October 2, 2020: Weekly financial markets review and outlook with Stephen Kaboyo

The Uganda shilling tumbled to trade near a two month low undermined by a surge in corporate and importer demand as the country opened up its entry points. At the counters the local currency quoted at 3715/3725.In the fixed income market, the yields on 5 and 15 year bonds held at 14.900% and 15.000% respectively. Uganda government bonds continue to offer attractive return relative to inflation whi