Audio By Carbonatix
Trading activity slowed on the secondary bond market for Government of Ghana papers, partly reflecting a shorter trading week due to the recent festive season.
Investors exchanged ¢1.21 billion worth of bonds, translating to a 43.6% decline in trading volumes.
Though the total volume traded was spread almost across all tenors, the February 2028 (Coupon: 8.5%) paper dominated trading activity with 37% of the total market turnover.
Yields at the front end of the LCY curve maintained a downward trend, declining by an average of 139 basis points to 17.5%, while the tail advanced to 16.2% (+107 basis points).
Analysts expect the year-open portfolio adjustment by fund managers to augur well for bond market activity this month.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Deputy Finance Minister hails ADB’s remarkable turnaround, record growth and rising confidence
15 minutes -
Why 5-year presidency may end 8-year tradition – H. Kwasi Prempeh explains
28 minutes -
Ashanti Regional Council of Elders commends NPP minority caucus for parliamentary resilience
37 minutes -
ECOWAS admits Burkina Faso, Mali and Niger as non-ECOWAS members of GIABA
38 minutes -
Road Safety Authority urges road users to avoid alcohol and drugs during yuletide
56 minutes -
Sekondi-Takoradi is the Christmas city of Ghana—Takoradi MP
59 minutes -
Christmas celebration: Expose wrongs, embrace lawful initiatives—Clergy urge Ghanaians
1 hour -
No automatic second term – H. Kwasi Prempeh says 5 years will expose non-performers
1 hour -
Boko Haram suicide bomber behind Borno mosque blast in Nigeria, army says
1 hour -
Five killed in Nigeria mosque attack, police say
1 hour -
13 inmates at Nsawam Prison granted bail under Justice for All Programme
2 hours -
Deputy Finance minister commissions first-ever electricity for Awurahae and Sarpor communities as Christmas gift
2 hours -
Gov’t releases GH¢139m in LEAP support for over 350,000 vulnerable households
2 hours -
Fact-Check: Claim by GoldBod CEO that Ghana’s foreign reserves was $9bn in 2016 FALSE
3 hours -
Haruna Iddrisu: Akufo-Addo administration left Ghana’s economy in structural crisis
3 hours