Audio By Carbonatix
The trading volumes on the local secondary bond market declined marginally by 1.87% to GH¢1.59 billion over the preceding week.
According to the trading report, the bond exchanges remained skewed towards the shorter maturities, as the 2027 to 2030 papers jointly pulled 69% of the total market turnover.
The LCY yield curve continued to tilt northwards, as the average Yield-To-Maturity (YTM) on the 2027-2030 papers increased to 21.12% (+192 basis points).
That of the 2035-2038 also advanced to 17.22% (+128 basis points).
Analysts believe bond market activity could remain sluggish as investors seek to snap returns on the money market amid declining treasury bill yields.
In 2024, T-bills would remain the dominant driver of activity in the fixed-income market.
“We expect yields to decline on a positive inflation outlook, but upside pressures will persist from the government's high demand for money market funding. Substantial refinancing obligations may keep upside pressures elevated”, said Databank Research.
Latest Stories
-
Labour Minister wants SOEs to help shape new public pay system
2 hours -
IPEC will ensure Equity and Sustainability in SOEs Compensation
3 hours -
White House bars CNN from travelling with Trump on Air Force One
3 hours -
Fennis wins second consecutive ITF J60 title in Accra
4 hours -
Spain beat England in thriller after Kane penalty miss
4 hours -
GPL 2026/27: Zaidan’s late goal ends Hearts of Oak unbeaten start
4 hours -
CEOs demand clarity on pay harmonisation, board autonomy as FWSC engages SOEs bosses over IPEC transition
4 hours -
2026 Women’s Super Cup: FC Savannah, Epiphany Warriors maintain top spots ahead of final group games
4 hours -
‘Is EOCO responsible for determining lawyers’ fees?’ – Baffour Awuah
4 hours -
David Beckles claims second J60 Accra title
4 hours -
No France cocaine suspect linked to Mahama, Vice President’s security details – NACOC
4 hours -
Anwelle Foundation launched in Jirapa to tackle poverty, youth unemployment
5 hours -
Joy Sports Editor Fentuo Tahiru Fentuo to moderate inaugural Music Meets Football Summit in Zambia
5 hours -
Court premises too volatile for Baffour Awuah’s attempted arrest by EOCO – Inusah Fuseini
5 hours -
Drug bust: Under no circumstances will NACOC leadership be compromised – Twum-Barimah
5 hours