Audio By Carbonatix
The secondary bond market for Government of Ghana papers slowed in activity as the total volume traded declined by 16.25% week-on-week to GH¢1.33 billion.
Notably, exchanges from the February 2028 (coupon: 8.50%) and February 2029 (coupon: 8.65%) papers jointly constituted about 76% of the aggregate market turnover.
The LCY yield curve reversed downward, as the average Yield-To-Maturity on the 2027-2030 papers decreased to 19.13% (-198bps).
The 2035- 2038 also retreated to 17.07% (-14 basis points).
Analysts expect the sluggish trend in bond market activity to continue as investors reinforce firm demand for treasury bills to increase investment returns. This is amid declining T-bill yields.
Meanwhile, the government plans to raise GH¢4.87 billion on the 91-day to 364-day bills to refinance GH¢4.15bn maturing bills.
Analysts believe a relatively high auction target (+6.06% week-on-week), could trigger some upside pressures to yields.
Latest Stories
-
Oscars 2026: Nominees list in full
31 minutes -
Why Afrobeats went global faster than Nollywood – Omotola Jalade-Ekeinde
40 minutes -
Ayra Starr opens up about her dilemma in private relationship
51 minutes -
Lady I wanted child with ended relationship after two months – Omah Lay
1 hour -
I used to be very aggressive – Omotola Jalade [VIDEO]
1 hour -
Joeboy explains why it’s now more difficult for new artistes to go mainstream
1 hour -
Lots of Nollywood actors don’t earn what I earned for movie role 30 years ago – Eucharia Anunobi
1 hour -
Afrobeats mainly for Lagos, Yorubas – Omah Lay
2 hours -
‘I was tagged husband snatcher’ – Eucharia Anunobi
2 hours -
Burna Boy becomes first African artiste to gross $1m from single concert in Oceania
2 hours -
Empowering excellence: Zenith Bank rewards top WASSCE performer
2 hours -
T-bills auction: Government exceeds target by 7.4%; 91-day yield falls to 4.71%
2 hours -
Police arrest suspect over unlawful entry, stealing at Spintex
2 hours -
Police, Immigration Service arrest 12 suspects in joint operation
2 hours -
Manager jailed five years for fake currency possession
3 hours