The Uganda shilling marginally gained as it searched for a meaningful direction on either side of 3800 mark. The unit joined a global risk rally amid weakness in the US treasury yields and a dip in dollar value during the week. BOU defensive monetary policy signal also played in support of the shilling trend. In the fixed income market, yields on the 3 and15 year bond continued on the upward, presenting a challenge as the related costs of government borrowing continue to rise .Local investors were seen demanding a higher premium as the fiscal situation stays in focus. Out of…
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