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.
Latest Stories
-
Takoradi traders lament over low sales ahead of Easter
1 hour -
Michael Ampadu: One Student, One Tablet initiative will shape the future of education and innovation
1 hour -
I will partner you for development – Alan tells TUC
2 hours -
Malnutrition, anemia remain concern to UNICEF
2 hours -
Kasoa shrinking penis: Court remands Electrician over false alarm
2 hours -
‘I look forward to working closely with President-elect Faye to enhance Ghanaian-Senegalese relations’ – Akufo-Addo
3 hours -
Girl, 8, only survivor as 45 killed in bus crash in South Africa
4 hours -
Biden to host star-studded NYC fundraiser with Obama and Clinton
4 hours -
GDNR, AAU and others launch Universal Acceptance for local languages in internet domain names
4 hours -
Ogum and Kotoko’s March malaise
6 hours -
BushGang Zee releases new afro dancehall anthem “Accra Stay By Plan”
6 hours -
2 repair vessels dispatched for undersea cable repairs – says NCA’s latest update
6 hours -
Multimedia Group Limited’s Clinton Yeboah shortlisted for 2 International Sports Press Association Awards
6 hours -
Supreme Court upholds High Court verdict on fraudulent sale of property by Senior Police Officer
7 hours -
NHIS Biometric Membership Authentication System limited rollout satisfactory – NHIA Deputy CEO
7 hours