https://www.myjoyonline.com/bond-market-slows-down-market-turnover-dips-57/-------https://www.myjoyonline.com/bond-market-slows-down-market-turnover-dips-57/
Economy

Bond market slows down, market turnover dips 57%

Activity on the secondary bond market slowed down as the total market turnover on Government of Ghana (GoG) bonds dipped 57.1% week-on-week to ¢503.05 million.

The slump in market activity was primarily due to a shorter trading week and dimmed market activity due to the ongoing Domestic Debt Exchange Pogramme.

The belly of the yield curve recorded the most activity, with the November 26, 2022 paper accounting for 37.46% of aggregate market turnover.

Analysts expect quiet sessions this week on the market as the government has extended the deadline for Domestic Debt Exchange to January 31, 2022.

More bids are expected for corporate bonds as offers continue to dry up.

With upcoming maturities, a 3-year GoG bond is expected to mature in March 2023 at a yield of 45.03%, whilst another 3-year GoG bond trading at 40.99% will mature in April 2023.

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DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.