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
-
Powerful cyclone kills at least 31 as it tears through Madagascar port
37 minutes -
GoldBod summons 6 gold service providers over compliance exercise
1 hour -
Power disruption expected in parts of Accra West as ECG conducts maintenance
1 hour -
Police investigate alleged arson attack at Alpha Hour Church
2 hours -
Heavy Sunday downpour wrecks Denyaseman SHS, schools, communities in Bekwai Municipality
2 hours -
Ridge Hospital is in critical condition – GMTF Boss appeals to corporate Ghana
2 hours -
Introduce long term measures to tackle challenges in cocoa sector – IERPP to government
2 hours -
Agricultural Economist proposes blended financing model to support cocoa sector
2 hours -
NPP MP warns against reducing producer price as government rolls out cocoa reforms
3 hours -
Tano North MP urges halt to grain exports over food glut
3 hours -
Farmers hopeful as government moves to expedite cocoa payments
4 hours -
Tensions at Agbogbloshie market women oppose AMA drain cleaning exercise, items confiscated
4 hours -
Lyse Doucet: In Tehran, rallies for Iran’s revolution overshadowed by discontent and defiance
4 hours -
Education Minister orders full audit of free sanitary pads in schools over quality concerns
4 hours -
IGP promotes 12,000 police officers, clears all backlog
4 hours