The Uganda shilling closed Wednesday’s session at the 3885/3895 levels from the day’s opening of 3887/3897 after briefly touching lows of 3895/3905 intra-day, overall balanced activity during a quiet day of trading.

During the trading day, the Bank of Uganda held a treasury bill auction, and yields in the 91-day, 182-day, and 364-day tenors cleared at averages of 9.999%, 12.362%, and 13.250% respectively.

Overnight yields were at averages of 11.60% according to Absa traders as money markets were fairly liquid.