The local unit nursed losses as demand surged early in the week mainly from the corporate sector. At the close of the week, pressure had eased with quotes on both counters holding 3705/3715. In the fixed income market, government securities yields marginally dipped on the short end of the curve,
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Robert Nyehangane, the Head of Treasury at Housing Finance Bank Following its recent appointment as a primary dealer for Government securities, Housing finance Bank Uganda has announced that it will be one of the seven banks that have exclusivity to the primary auction under the competitive bidding where it will
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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 range of 3700/3710 during the week ending October15, 2020.In the fixed income
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It was choppy trading for the local currency during the week, with no clear established trend. In the early sessions, the shilling held up supported by portfolio flows targeting the government securities market, but later lost steam and weakened as demand rebounded. On the counters the shilling traded within a
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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
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The Uganda Shilling slid mid week and remained weak, retreating to a weekly low to trade slightly above the key level of 3700. USD/UGX pair was to a large extent sentiment driven as traders took positions in anticipation of stepped up demand ahead of opening up of the country’s borders
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The local currency traded flat due to limited forex trading as mid month tax payments took the better part of the market. Quotes held in the range of 3687/97 on the bid and ask during the week ending September 18, 2020. In the fixed income space, there was no primary
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The local currency backtracked mid week pausing the stable stance in the previous sessions. The shilling breached a key level of 3700 on the sell side as demand surged mainly from importers, retail and energy players. Supply side remained subdued.The fixed income market segment continued to register significant demand that
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Prof. Emmanuel Tumusiime-Mutebile, the BoU Governor The Bank of Uganda (BoU) in collaboration with the Ministry of Finance, Planning and Economic Development, has today undertaken reforms to the Government securities market as part of the process of increasing efficiency and enhancing liquidity in the financial market. Speaking at the event
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A stronger dollar and domestic economic dynamics weighed on the currency mid week during the week ending September04, 2020. The shilling gave back some gains of the previous session to trade at 3685/95 compared to 3670/3680 at opening of the week. The fixed income segment continued to lure investors hungry
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