The secondary bond market for treasury securities experienced strong trading activity but below the preceding week’s impressive volumes.
According to trading results, the aggregate face value traded declined by 33.78% to ¢401.11 million.
Similarly, trading was skewed in favour of shorter term-to-maturity, with the 2027 to 2030 bonds accounting for 94% of the total face value traded on the market. The February 2027 traded ¢371.02 million.
The 2027 to 2030 tenors traded around an average yield of 14.34%, while the 2031 to 2034 papers were exchanged around 12.96%.
Analysts expect trading activity to remain upbeat, as comments from the ongoing International Monetary Fund review hint at improving fiscal position.
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