https://www.myjoyonline.com/bond-market-total-market-turnover-declined-to-%c2%a2401-11m/-------https://www.myjoyonline.com/bond-market-total-market-turnover-declined-to-%c2%a2401-11m/

The secondary bond market for treasury securities experienced strong trading activity but below the preceding week’s impressive volumes.

According to trading results, the aggregate face value traded declined by 33.78% to ¢401.11 million.

Similarly, trading was skewed in favour of shorter term-to-maturity, with the 2027 to 2030 bonds accounting for 94% of the total face value traded on the market. The February 2027 traded ¢371.02 million.

 The 2027 to 2030 tenors traded around an average yield of 14.34%, while the 2031 to 2034 papers were exchanged around 12.96%.

Analysts expect trading activity to remain upbeat, as comments from the ongoing International Monetary Fund review hint at improving fiscal position.

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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.