Weak Kwacha to Gain Strength

Weak Kwacha to Gain Strength

WITH the upcoming auctioning of treasury bills, the Kwacha is tilted towards the appreciation trends against the strong greenback, financial market players say.
Treasury bills, which are short-term debt obligations backed by the Government with a maturity of less than one year, segmented in 91,182,273 and 364 days, have varying interest rates of between 14.49 and 22.49 percent.
Although, the focus for United States (US) dollar /Kwacha level is not clear, financial market players anticipate a slight gain in the local unit with happenings in the local money market.
“Market attention today [yesterday] will shift towards the treasury bills auction, with yield rates having been relatively stable in the last few sessions…