Audio By Carbonatix
The Secondary bond market activity bounced back last week, as the total volume traded upturned to ¢54.92 million.
The upturn in market turnover was partly due to improved liquidity and the end-of-month portfolio adjustments by pension funds.
Investors continued to favour the 4-year bond (maturity: Feb 2027), which drove the market and contributed 86% of the total volume traded.
Bond prices were relatively stable compared to the downticks in the past weeks.
Analysts expect the elevated yields on the shorter-dated securities (T-bills), to continue to subdue bond market activities.
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