KAMPALA, UGANDA – The Bank of Uganda’s latest financial report reveals a mix of stability and fluctuation in key interest rates, with inter-bank rates showing movement while the Central Bank Rate remains unchanged.
The financial news report, which covers the period from July 30 to August 8, indicates the Inter-bank overnight weighted rate rose to 9.94% from 9.76%. In contrast, the 7-day rate decreased to 9.77% from 10.29%.
The Central Bank Rate (CBR) held steady at 9.75%, according to the report. The Rediscount rate and Bank rate were also unchanged at 12.75% and 13.75%, respectively.
Yields on government securities were also mixed. The annualized yield for the 91-day Treasury bill remained stable on the primary market, while the 5-year Treasury bond yield decreased to 15.50% from 16.75%. Yields for the 10-year and 15-year bonds saw slight increases.
The report also detailed mixed results for government securities yields.
Treasury Bills (Annualized Yield):
- 91-day: The primary market yield remained unchanged at 10.92%.
- 182-day: The primary market yield saw a slight decrease to 13.55% from 13.55%.
- 364-day: The primary market yield dropped to 15.25% from 15.25%.
Treasury Bonds (Annualized Yield):
- 2-year: The primary market yield was stable at 15.75%, while the secondary market yield saw a minor increase to 15.39% from 15.41%.
- 5-year: The primary market yield decreased to 15.50% from 15.74%, with the secondary market yield also dropping to 16.39% from 16.75%.
- 10-year: The primary market yield saw a slight increase to 17.10% from 17.10%, with the secondary market yield rising to 17.21% from 17.19%.
- 15-year: The primary market yield increased slightly to 17.80% from 17.80%, and the secondary market yield rose to 17.56% from 17.52%.
- 20-year: The primary market yield remained unchanged at 17.90%, while the secondary market yield rose slightly to 17.93% from 17.94%.
