The secondary bond market came alive in the late sessions of last week.
According to trading results, the total volume traded recorded a notable increase of 351.75% week-on-week to ¢439.75 million.
Instructively, the February 2029 new bond drove the market, accounting for 89% of the aggregate volume traded in the market.
Again, the 2027-2030 instruments recorded an estimated 4.14% increase in average price, reflecting the decrease in average yields to 12.82% (-9 basis points).
The 2031-2034 and 2035-2038 estimated average yields also settled at 14.03% (+99 basis points) and 14.66% (+8 basis points).
Analysts perceived Moody’s upgrade of Ghana’s local currency long-term issuer rating to Caa3 to outweigh the mild upturn in inflation and keep the secondary bond market lively this week.
Latest Stories
-
IPR Ghana congratulates citizens for peaceful election, calls for unity
29 minutes -
Bawumia’s 8 minutes elite ball that zapped the energy of trigger happy politicians
1 hour -
It will be a betrayal if National Cathedral saga does not feature in ORAL’s work – Ablakwa
1 hour -
‘It’s unfortunate we had to protect the public purse from Akufo-Addo’ – Ablakwa on ORAL Team’s mission
2 hours -
Congo lawyers say Apple’s supply chain statement must be verified
3 hours -
Stampede in southwestern Nigerian city causes multiple deaths
3 hours -
Tens of thousands without water in Mayotte as curfew brought in
3 hours -
ORAL: We won’t witch-hunt, we’ll focus on transparency, not revenge – Ablakwa
4 hours -
Attempted robbery: Accused claims he carried cutlass for protection
4 hours -
Excavator operator jailed for stealing
4 hours -
African fans age-shame me for putting on some outfits – Tiwa Savage
4 hours -
Tiwa Savage criticised by female fans for stance on cheating in relationships
5 hours -
Bank of England expected to hold interest rates
5 hours -
Congo river boat sinks killing at least 22
5 hours -
Nigeria approves Shell’s $2.4 billion asset sale to Renaissance
5 hours