Audio By Carbonatix
The secondary bond market was lackluster last week, with a lifeless week opening and a rebound in the last two trading sessions.
Investors exchanged ¢160.04 million across various maturities with much interest in the 2027-2030 bonds.
Consequently, total market turnover contracted 26.86% week-on-week.
However, the new bonds at the tail of LCY curve recorded no trades.
The average yield on the 2027-2030 maturities settled at 14.3% (+144 basis points week-on-week), while the 2031-2033 end gained 54 basis points week-on-week to 12.77%.
Analysts expect the sizeable decline in Ghana’s headline inflation to engender favourable investor confidence and increased bond market activity in the coming sessions.
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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.
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