Factors that affect the performance of bond market in Uganda: a study of period of 2014 to 2018

Abstract

The study explores the Bond market in Uganda with a special focus on the Bond yield and the Macroeconomic factors that affect the yield. The yield curve model of this study explicitly incorporates both the yield factors and the macroeconomic variables (Inflation, Interest rates and money supply. Empirical results from the study show that there’s a statistically significant relationship between the yield of bonds and the macroeconomic factors.