Audio By Carbonatix
The secondary bond market rebounded last week, recording an increase in total volume traded.
Total market turnover expanded by 18.78% to ¢90.40 million.
The upturn in overall market activity followed increased transactions across the new bonds.
The 7-year new bond (maturity: Feb-2030) registered two major trades. It contributed 89% of the week’s aggregate turnover.
Bond prices at the shorter end of the LCY curve declined an average of 2% week-on-week, while the belly and tail parts declined 14% and 13%, respectively.
Analysts believe the large target size for treasury bills auction will likely continue to present a downside to bond market activity this week.
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.
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.
Latest Stories
-
At least two dead in blast at Bolivia military barracks
3 minutes -
Tate brothers officially indicted with trafficking and sex crimes in Romania
6 minutes -
US envoys arrive in Moscow ahead of Ukraine talks
10 minutes -
Health Minister to brief media on Free Primary Healthcare programme on Monday
23 minutes -
‘It was inappropriate to make that comparison’ – Dr Pumpuni Asante on CJ’s SOE comment
36 minutes -
Photos: Final-day shopping continues at Joy FM Back-to-School Discount Fair
1 hour -
Darkey and Frimpong set up J30 Accra boys’ doubles final
1 hour -
When war takes more than territory: The human cost of conflict
1 hour -
Review SHS placement policy to give more BECE candidates access – Kwesi Kwarteng
1 hour -
Tano South Municipal Assembly moves to curb road carnage with speed ramps
1 hour -
Duvor Klu, Gakpo win J30 Accra girls’ doubles title
1 hour -
ITF Juniors Tournament: Duvor Klu claims with straight-sets victory over Gakpo
2 hours -
‘Decision to retire has been tough’ – Isaac Dogboe
2 hours -
Domelevo backs OSP probe into alleged GH¢70,000 payment to Appiagyei
2 hours -
Crowds swell as families make final shopping at Joy FM Back-to-School Fair
2 hours