(Kampala) – During Wednesday’s trading session, the Uganda shilling held steady, with little movement as supply and demand balanced out. The local currency traded within the range of 3660 to 3670 against the US dollar, maintaining the same levels as observed the previous day.
Meanwhile, overnight yields remained high, averaging 11.09%, according to market data from Absa. This indicates a continued demand for liquidity in the financial markets.
In a related development, the Bank of Uganda conducted a treasury bill auction. The results showed that yields for the 91 day, 182 day, and 364 day tenors were cleared at average rates of 10.752%, 13.425%, and 14.502%, respectively.
