Yields in government securities continue to rise
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Uganda, Dec. 1 -- The increased demand for government securities by both the local and offshore investors and continuous need for money by the government for budget operations has led to a continuous rise in yields for government securities for the last four months.
The Ministry of Finance, Planning and Economic Development borrows from the domestic market for fiscal policy operations using treasury bills for the short term and treasury bonds for the longer term.
The government securities are highly considered by both the local institutional investors, individuals, and offshore investors because instruments are deemed as being risk free whether in times of economic hardship/financial turbulence or not because the investors get paid by t...
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