Audio By Carbonatix
Total market turnover on the bond market increased by 150.30% to ¢1.17 billion during the week under review as more bond transfers were recorded.
The bond transfers are said to be in preparation for the Domestic Debt Exchange programme.
Fund managers in recent times have been moving funds from one account to another as investors consider the Domestic Debt Exchange programme.
According to market data, bond market activity was mainly concentrated in the lower yield curve with a trade concentration of 41%.
August 27, 2022, November 26, 2022 and January 3, 2023, saw more activity with total volumes of ¢112.32 million, ¢255.35 million and ¢191.75 million respectively.
Analysts believe the secondary market will remain quiet as investors decide on participating in the domestic debt exchange.
Corporate bonds will, however, continue to attract demand, but with very little selling interest and continued demand for Treasury bills.
Meanwhile, a 3-year at a yield of 28.50% will mature in March 2023.
Latest Stories
-
Kpebu doubts claims that Akufo-Addo administration interfered with Special Prosecutor
52 minutes -
It’s difficult to believe everything the OSP says – Manasseh Awuni
1 hour -
I would’ve blocked Ofori-Atta from leaving Ghana if I were Special Prosecutor – Martin Kpebu
2 hours -
I’m headed for public office, but not the OSP role – Martin Kpebu
2 hours -
I will only submit my allegations to a board, not the OSP’s subordinates – Martin Kpebu
2 hours -
‘I’m still a bit traumatised’ – Martin Kpebu recounts alleged abuse during OSP arrest
2 hours -
Martin Kpebu dismisses claims he seeks to become Special Prosecutor
2 hours -
Martin Kpebu denies verbally abusing OSP officers, says allegations are fabricated
2 hours -
Mahama arrives in Doha for 2025 Doha Forum engagements
3 hours -
Milo U13 Champs: Ahafo’s Adrobaa set for thrilling final with Franko International of Western North
5 hours -
Ghana’s HIV crisis: Stigma drives new infections as AIDS Commission bets on AI and six-month injectables
6 hours -
First Ladies unite in Accra to champion elimination of mother-to-child HIV, Syphilis, and Hepatitis B transmission
7 hours -
US Supreme Court agrees to hear case challenging birthright citizenship
8 hours -
Notorious Ashaiman robber arrested in joint police operation
8 hours -
Judge sets key dates after video evidence hurdle in Nana Agradaa appeal case
9 hours