Audio By Carbonatix
The Secondary bond market activity decreased sharply by 51.67% week-on-week, down GH¢483 million from GH¢999 million the previous week.
This was primarily due to the Islamic holidays.
Trade in the general category of maturities was modest, with the February 2030 maturity leading at an average yield to maturity (YTM) of 23.5%.
The shorter end of the local currency yield curve accounted for 51% of trading activity, averaging a YTM of 23%.
On the other hand, the belly to tail end represented 49% of trades at an average YTM of 22%.
Analysts expect secondary bond market activity to remain subdued in the coming weeks as investors cautiously await clearer economic signals and the outcome of the International Monetary Fund review.
They anticipate low trading volumes until market confidence improves.
Latest Stories
-
Dad unlawfully killed daughter in Texas shooting, coroner rules
4 hours -
Anas wins 7 – 0 as SC unanimously rejects attempts to reverse judgment in his favour
4 hours -
The cocoa conundrum: Why Ghana’s farmers are poor despite making the world’s best chocolate
5 hours -
Powerful cyclone kills at least 31 as it tears through Madagascar port
5 hours -
GoldBod summons 6 gold service providers over compliance exercise
6 hours -
Power disruption expected in parts of Accra West as ECG conducts maintenance
6 hours -
Police investigate alleged arson attack at Alpha Hour Church
6 hours -
Heavy Sunday downpour wrecks Denyaseman SHS, schools, communities in Bekwai Municipality
6 hours -
Ridge Hospital is in critical condition – GMTF Boss appeals to corporate Ghana
7 hours -
Introduce long term measures to tackle challenges in cocoa sector – IERPP to government
7 hours -
Agricultural Economist proposes blended financing model to support cocoa sector
7 hours -
NPP MP warns against reducing producer price as government rolls out cocoa reforms
8 hours -
Tano North MP urges halt to grain exports over food glut
8 hours -
Farmers hopeful as government moves to expedite cocoa payments
8 hours -
Tensions at Agbogbloshie market women oppose AMA drain cleaning exercise, items confiscated
8 hours