https://www.myjoyonline.com/bond-market-total-market-turnover-declined-sharply-by-42-33/-------https://www.myjoyonline.com/bond-market-total-market-turnover-declined-sharply-by-42-33/

Activity on the local secondary bond market was down by 42.33% from the previous week.

According to trading results, the aggregate volume traded was worth ¢1.19 billion.

The new bonds at the front of the Lower Currency (LCY) yield curve drove market activity, attracting 61.76% of the total volume traded.

At the close of the trading week, the average yield on the 2027-2030 papers advanced by 56 basis points to 18%.

Analysts expect trading to remain positive as recent economic data improves investor sentiment on a gradual recovery in the economy.

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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.