Audio By Carbonatix
Activity in the secondary bond market rose by 13.17% week-on-week last week, with total volumes reaching GH¢1.33 billion.
Trading remained concentrated in the General Category bonds, led by the February 2027 and February 2030 papers, which together accounted for 42% of market turnover.
The shorter end of the local currency yield (LCY) curve dominated, contributing 77% of volumes at an average yield to maturity of 22%.
The belly and tail segments comprising the remaining 23%, clearing at an average yield of 21%.
“We believe Fitch’s upgrade of the sovereign Long-Term Foreign Currency Default Rating from RD to B- lifted investor sentiment, driving increased activity in the secondary bond market”, Databank Research said.
Analysts expect the momentum to persist, supported by end-of month balance sheet rebalancing by banks.
Latest Stories
-
Maggi Waakye Summit draws thousands as Ghana’s biggest waakye festival returns
50 minutes -
Western Regional Minister urges Ghanaians to use Christmas to deepen national cohesion
2 hours -
Thousands turn Aburi Gardens into a festive paradise at Joy FM’s Party in the Park
2 hours -
Source of GOLDBOD’s trading funds questioned amid reported $214m loss
2 hours -
Kind Hearted Beings Charity spreads joy during festive season
2 hours -
Gun Amnesty: Take advantage before it expires on January 15 – Interior Ministry
2 hours -
KNUST College of Engineering deepens industry partnerships to drive innovation and national development
3 hours -
Mammoth crowd turned up for 2025 edition of Joy FM’s Family Party in the Park
3 hours -
NDC can’t change the constitution alone – Minority MPs hold key role, says Barker-Vormawor
3 hours -
Parents of Persons with Disabilities call for affordable rehabilitation services
3 hours -
Barker-Vormawor urges President Mahama to lead constitutional reform implementation
3 hours -
Dr Nyaho Nyaho-Tamakloe calls for abolition of ex gratia payments, excessive benefits for public officeholders
4 hours -
Dr Nyaho Nyaho-Tamakloe backs review of presidential immunity provisions in Ghana’s constitution
4 hours -
Dr Nyaho Nyaho-Tamakloe opposes presidential term extension
4 hours -
Dr Nyaho Nyaho-Tamakloe: On Ghana’s constitution review and the future of democratic governance
5 hours