By Patrick Kagenda
The shilling opened the trading week ended Jan 31, 2014, strong against the dollar trading at Ushs 2450/75 in a market characterized by low market activity. At the Alpha Capital Partners, the Managing Director Stephen Kaboyo said, “Mid week the shilling weakened marginally as interbank and corporate demand improved. In the government securities market, BoU auctioned Ushs 130bn in 3 and 10 year bonds. Yields dropped to 13.186% and 13.954% respectively. The auction was oversubscribed by Ushs 286bn
