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
-
Reason for training professional counsellors is to heal a hurting world – CCP president
43 mins -
Woman allegedly brings dead man to bank to take out a loan
51 mins -
It’s a good feeling to score against PSG because I’m a Marseille boy – Andre Ayew
1 hour -
Joe Lartey Sr: A voice that brought life to Ghana sports and beyond
2 hours -
Bawumia promises to tackle issue most dear to Ghanaians as he begins nationwide campaign
3 hours -
Indian couple donate $24m fortune to charity to adopt monkhood
3 hours -
Australians call for tougher laws on violence against women after killings
4 hours -
African Development Council establishes mission in Benin for Francophone countries
4 hours -
Okyeame Kwame reveals his secret to longevity in music industry
4 hours -
Youthful-looking 60-year-old woman qualifies for Miss Argentina contest
4 hours -
Ejisu By-Election: Campaign heats up as NPP holds final rally ahead of Polls on Tuesday
4 hours -
Rwanda plan: Irish government wants to send asylum seekers back to UK
4 hours -
Ice cubes now cost more than bread and milk in parts of Mali
6 hours -
Titanic gold pocket watch sells for £900,000
7 hours -
Elon Musk in China to discuss enabling full self driving – reports
7 hours