The local secondary bond market experienced significant improved trading activity last week.
The total market turnover broke the ¢2 billion mark to an all-time post-Domestic Debt Exchange Programme high of ¢2.06 billion.
The market registered 54 trades on the new bonds, with the February 2027 and February 2030 papers jointly dominating activity and accounting for 54.15% of the total face value traded.
Bond yields compressed an average of 377 basis points at the front of the Local Currency Yield curve while recording an increase at the bell (+178 basis points) to the tail (+87 basis points) of the curve.
Analysts expect the end-of-month portfolio adjustment by pension fund managers to augur well for 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
-
‘Expired’ rice scandal: FDA is complicit; top officials must be fired – Ablakwa
15 mins -
#TheManifestoDebate: We’ll provide potable water, expand water distribution network – NDC
33 mins -
IPR Ghana@50: Pupils educated to keep the environment clean
39 mins -
PenTrust CEO named ‘Best Pensions CEO’, company wins ‘Scheme Administrator Award’ at Ghana Accountancy & Finance Awards 2024
59 mins -
Alan Kyerematen’s ‘Brighter Future for Health Professionals’ in Ghana Revealed in Bono
1 hour -
#TheManifestoDebate: NPP will ensure a safer, cleaner and greener environment – Dr Kokofu
1 hour -
2024 Election: Police to deal with individuals who will cause trouble – IGP
1 hour -
Seychelles President’s visit rekindles historical and diplomatic ties with Ghana
1 hour -
Election 2024: EC destroys defective ballot papers for Ahafo and Volta regions
2 hours -
2024 Election: I am sad EC disqualified me, but I endorse CPP’s candidate – PNP’s Nabla
2 hours -
I want to build a modern, inclusive country anchored by systems and data – Bawumia to CSOs
2 hours -
Miss Health Ghana 2024: Kujori Esther Cachana crowned new Health Ambassador
2 hours -
Playback: The manifesto debate on WASH and climate change
2 hours -
Alan Kyerematen saddened by NDC and NPP’s neglect of Krofrom Market in the Ashanti Region
2 hours -
CSIR Executive Director urges farmers to adopt technology for improved farming
3 hours