Audio By Carbonatix
Market activity on domestic sovereign bonds slumped last week as total trade retreated 38.03% week-on-week to ¢62.31 million.
Interest in the new bonds, according to trading results, cooled slightly, with the market narrowing its view to just the 2027 – 2030 maturities, accounting for 99.23%.
The yield curve tilted as yields compressed by 73 basis points around the front of the yield curve.
Analysts expect market activity to remain lacklustre as the market continues to resolve the uncertainty in the valuation of the payment-in-kind portion of the new bonds.
Meanwhile, the Ghana Fixed Income Market, experienced a decline in volume traded during March 2023.
The total volume of trades recorded was 5.57 billion, a decrease of 39.26% compared to the previous month.
Latest Stories
-
Alan Kyerematen rejected my offer to serve as minister in 2000 – Kufuor reveals
26 minutes -
The Law Is Not A Goat Market – A Respone to the Debate on The OSP, Kpebu and Section 79
37 minutes -
‘I never backed Alan Kyerematen against Akufo-Addo’ – Kufuor clears air on old rumours
48 minutes -
Gov’t recommits to creative industry growth as MUSIGA celebrates 50 years of musical excellence
50 minutes -
Agric Minister applauds farmers, highlights new era of innovation at National Farmers Day
51 minutes -
False allegations on MIIF intended to malign the Fund
59 minutes -
Ghana, China deepen security cooperation after Kojo Bonsu’s high-level meeting in Beijing
1 hour -
Laboratory doctors lament 6 years of unemployment
1 hour -
Ghana’s improving macroeconomic outlook should drive progress across sectors – Fidelity Bank MD
1 hour -
NPP’s 2024 loss a wake-up call on governance and accountability – Kufuor
1 hour -
Dumelo urges youth to embrace agriculture, entrepreneurship at VYE forum
2 hours -
Trial of man accused of stabbing firefighter set for December 17
2 hours -
Prof Antwi-Danso cautions ECOWAS against rushed troop deployment to Benin
2 hours -
Africans must reclaim their dignity and history – Dr Ibn Chambas urges
2 hours -
Local production key to food security – Fisheries Minister
2 hours