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.
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.
Latest Stories
-
German-based Kanzlsperger makes medical donation to WAFA
53 mins -
It could take over 100 years for Ghana and other African countries to become ‘developed’ – Report
54 mins -
AEC 2024 renews momentum to lift Africa out of poverty despite global shocks
1 hour -
Can RFK Jr make America’s diet healthy again?
1 hour -
Maiden Women in Chemical Sciences conference opens with a call for empowerment
4 hours -
We’ll reclaim all Groupe Nduom stolen assets – Nduom declares
4 hours -
Center for Learning and Childhood Development Director Dr Kwame Sakyi honoured at Ghana Philanthropy Awards
13 hours -
Asantehene receives 28 looted artefacts
14 hours -
CAF WCL 2024: Ghana’s Thelma Baffour wins title with TP Mazembe
14 hours -
Benjamin Boakye slams politicisation of energy sector issues and ECG’s inefficiencies
14 hours -
Erastus Asare Donkor and Dr Neta Parsram win big at 10th Mining Industry Awards
15 hours -
Government is “suppressing information” about power sector challenges – IES Director
15 hours -
Majority of our debts caused by forex shortfall – ECG Boss
15 hours -
Pan-African Savings and Loans supports Ghana Blind Union with boreholes
16 hours -
Bole-Bamboi MP Yussif Sulemana donates to artisans and Bole SHS
16 hours