Audio By Carbonatix
Activity in the secondary bond market rose by 13.17% week-on-week last week, with total volumes reaching GH¢1.33 billion.
Trading remained concentrated in the General Category bonds, led by the February 2027 and February 2030 papers, which together accounted for 42% of market turnover.
The shorter end of the local currency yield (LCY) curve dominated, contributing 77% of volumes at an average yield to maturity of 22%.
The belly and tail segments comprising the remaining 23%, clearing at an average yield of 21%.
“We believe Fitch’s upgrade of the sovereign Long-Term Foreign Currency Default Rating from RD to B- lifted investor sentiment, driving increased activity in the secondary bond market”, Databank Research said.
Analysts expect the momentum to persist, supported by end-of month balance sheet rebalancing by banks.
Latest Stories
-
Duncan-Williams warns of powerful interests targeting GoldBod
17 minutes -
We need to pray for GoldBod – Duncan-Williams
37 minutes -
Strong favourites or tougher task – will Arsenal defend their title?
1 hour -
Passengers escape death as VIP travelling from Kumasi to Sunyani catches fire
1 hour -
Ariana Grande leaves problems at home as her tour hits the UK
1 hour -
Multiple suspects at large after five shot at Virginia State University, police say
1 hour -
Three killed as Russia launches fresh aerial attacks across Ukraine
2 hours -
Boxing: John Laryea disqualified in WBA Featherweight title eliminator
2 hours -
Hawaii battles strong winds and rain as Hurricane Lala threat looms
2 hours -
Twelve killed as Polish bus veers off Hungarian motorway
3 hours -
Building Ghana better: Why architects must be at the heart of national development
6 hours -
GMet warns of severe rainstorm across northern Ghana
6 hours -
Semenyo eyes bigger targets after breaking Yeboah’s Ghanaian Premier League record
6 hours -
Health Ministry reviews NDC manifesto commitments
7 hours -
Mfantsipim School @ 150 and Creech’s Mfantsipim Diaries: My First Shock
8 hours