Audio By Carbonatix
Trading activity on the secondary bond market lost steam last week as the 4-year and 5-year new bonds registered lower transactions than the preceding week.
According to trading results, a total face value of ¢78.75 million, representing 72.03% decline week-on-week changed hands across the market, with the new bonds dominating activity.
The new bonds dominated activity, with most trades closing around the 97% to 99.8% price range.
Together with treasury bills, the aggregate turnover for the week was ¢995 million.
Instruments at the front end of the yield curve traded around an estimated yield of 10.67% (-148 basis points week-on-week).
Some market watchers and analysts believe the government’s reassurance to honour obligations on the old bonds could present some upside to trading activity in the secondary bond market this week.
Latest Stories
-
Missing records of illegal gold purchases in Ghana raise concern – Duncan-Williams
3 minutes -
Duncan-Williams warns of powerful interests targeting GoldBod
34 minutes -
We need to pray for GoldBod – Duncan-Williams
55 minutes -
Strong favourites or tougher task – will Arsenal defend their title?
1 hour -
Passengers escape death as VIP travelling from Kumasi to Sunyani catches fire
2 hours -
Ariana Grande leaves problems at home as her tour hits the UK
2 hours -
Multiple suspects at large after five shot at Virginia State University, police say
2 hours -
Three killed as Russia launches fresh aerial attacks across Ukraine
2 hours -
Boxing: John Laryea disqualified in WBA Featherweight title eliminator
2 hours -
Hawaii battles strong winds and rain as Hurricane Lala threat looms
3 hours -
Twelve killed as Polish bus veers off Hungarian motorway
3 hours -
Building Ghana better: Why architects must be at the heart of national development
6 hours -
GMet warns of severe rainstorm across northern Ghana
6 hours -
Semenyo eyes bigger targets after breaking Yeboah’s Ghanaian Premier League record
7 hours -
Health Ministry reviews NDC manifesto commitments
8 hours