The secondary bond market rebounded last week, recording an increase in total volume traded.
Total market turnover expanded by 18.78% to ¢90.40 million.
The upturn in overall market activity followed increased transactions across the new bonds.
The 7-year new bond (maturity: Feb-2030) registered two major trades. It contributed 89% of the week’s aggregate turnover.
Bond prices at the shorter end of the LCY curve declined an average of 2% week-on-week, while the belly and tail parts declined 14% and 13%, respectively.
Analysts believe the large target size for treasury bills auction will likely continue to present a downside to bond market activity this week.
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
-
CLOGSAG vows to resist partisan appointments in Civil, Local Government Service
36 minutes -
Peasant Farmers Association welcomes Mahama’s move to rename Agric Ministry
38 minutes -
NDC grateful to chiefs, people of Bono Region -Asiedu Nketia
40 minutes -
Ban on smoking in public: FDA engages food service establishments on compliance
41 minutes -
Mahama’s administration to consider opening Ghana’s Mission in Budapest
42 minutes -
GEPA commits to building robust systems that empower MSMEs
45 minutes -
Twifo Atti-Morkwa poultry farmers in distress due to high cost of feed
47 minutes -
Central Region PURC assures residents of constant water, power supply during yuletide
48 minutes -
Election victory not licence to misbehave – Police to youth
50 minutes -
GPL 2024/2025: Nations thrash struggling Legon Cities
53 minutes -
Electoral offences have no expiry date, accountability is inevitable – Fifi Kwetey
53 minutes -
Ghanaians to enjoy reliable electricity this Christmas – ECG promises
1 hour -
Police deny reports of election-related violence in Nsawam Adoagyiri
1 hour -
‘We’re not brothers; we’ll show you where power lies’ – Dafeamekpor to Afenyo-Markin
1 hour -
EPA says lead-based paints are dangerous to health, calls for safer alternatives
3 hours