Secondary bond market rises 15.65% with offshore investor support

Audio By Carbonatix

Activities in the secondary bond market fairly improved, rising by 15.64 percentage points to GH¢991 million last week.

This was primarily due to increased participation from offshore investors.

Trading was well distributed across maturities, with the February 2027 and February 2037 bonds accounting for about 48% of total volume.

The shorter end of the local currency yield curve attracted 51.53% of the market activity, yielding 24%, while the belly and tail segments accounted for 8.08% and 40.39%, attracting a Yield-To-Maturity of 24.48% and 24.15%, respectively.

Analysts expect that ongoing participation from offshore investors will help to reduce price volatility in the secondary bond market.

The strong appetite for these high-yield bonds reflects increased market optimism, which is likely to enhance liquidity and attract a broader range of investor participation in the near term

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.

Tags:

Bond

offshore investors

YTM