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
Latest Stories
-
Burma Camp Tennis Club hosts successful 12th Ghana–Nigeria Independence Day Tennis Tournament
12 minutes -
Rights, justice and action for all women and girls must include women and girls with disabilities
14 minutes -
The Lover and the Fighter: China, the west, and Africa’s geopolitical awakening
36 minutes -
UCC student dies in tragic road accident on campus
57 minutes -
Health Ministry establishes committee to probe death of hit-and-run victim
58 minutes -
RTI Commission, NACOC explore collaboration to promote transparency and accountability
1 hour -
Three dead as truck overturns near Asenema Waterfalls
2 hours -
Four Ghanaian UN peacekeepers recovering after Lebanon missile attack — Defence Ministry
2 hours -
Police restore calm at Twifo Bimpong-Agya after youth clash kills one
3 hours -
US court hears how Ghanaian scammer made over $10m posing as fake romantic partner
3 hours -
Pakistani man found guilty in Iran-backed plot to kill US politicians
3 hours -
Footage shows US citizen shot by ICE agent in Texas traffic stop
3 hours -
Canada’s PM calls for Andrew to be removed from line of succession
4 hours -
Ghana@69: Ghana mature enough for self-sufficiency — Kwadaso MCE
4 hours -
Opoku Mensah pushes back at Haruna Iddrisu, praises Akufo-Addo’s free SHS infrastructure expansion
4 hours