Audio By Carbonatix
The secondary bond market for Government of Ghana bonds declined further in activity.
The total volume exchanged fell by 22.88% week-on-week to GH¢1.03b billion.
Notably, the exchanges from the February 2028 (coupon: 8.50%) paper remained the dominant driver of activity, constituting about 66% of the aggregate market turnover.
The LCY yield curve tilted northward, as the average Yield-To-Maturity on the 2027-2030 papers increased to 22.31% (+317 basis points).
The 2035-2038 advanced to 22.99% (+592 basis point).
Analysts expect the bond market to remain sluggish following the uptick in inflation for January 2024, as investor preference will largely reside in treasury bills for repricing benefits.
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
-
Photos: Final-day shopping continues at Joy FM Back-to-School Discount Fair
7 minutes -
Darkey and Frimpong set up J30 Accra boys’ doubles final
9 minutes -
When war takes more than territory: The human cost of conflict
11 minutes -
Review SHS placement policy to give more BECE candidates access – Kwesi Kwarteng
17 minutes -
Tano South Municipal Assembly moves to curb road carnage with speed ramps
20 minutes -
Duvor Klu, Gakpo win J30 Accra girls’ doubles title
24 minutes -
ITF Juniors Tournament: Duvor Klu claims with straight-sets victory over Gakpo
35 minutes -
‘Decision to retire has been tough’ – Isaac Dogboe
53 minutes -
Domelevo backs OSP probe into alleged GH¢70,000 payment to Appiagyei
60 minutes -
Crowds swell as families make final shopping at Joy FM Back-to-School Fair
1 hour -
‘Apologise if you accept you erred’ – Political analyst tells Chief Justice
2 hours -
Mahama’s board shake-up should not be linked to indiscipline – Akwatia MP
2 hours -
‘My Police, Your Police, Our Police’: the Aboso fire and a lesson in Policing together
3 hours -
Parliament backs OSP probe into alleged GH¢70k payment to Patricia Appiagyei
3 hours -
Photos: Joy FM Back-to-School Fair buzzes with excitement, strong patronage on Day 2
3 hours