Market activity on the Government of Ghana (GoG) bonds rebounded last week after a slump in the previous week.
The market recorded only trades in the new bonds, and total volume traded rose 14.85% to ¢150.86 million.
The yield curve shifted downward as the new bonds traded around par levels.
Yields on the 2027-2030 and 2031-2034 maturities declined by 228 basis points (2.28%) on average, while the 2035-2038 maturities saw an average yield decline of 115 basis points (1.15%).
Analysts believe interest in the new bonds will continue to build up as the work on incorporating the payment-in-kind component of the new Government bonds onto Bloomberg and Central Securities Depository continues.
Meanwhile, money market yields declined across tenors, with the 91- day and the 364-day at 20.00% and 22.85%, respectively.
The resumption of debt service on domestic bonds will boost liquidity and support corporate issuers.
Latest Stories
-
‘It’s unfortunate we had to protect the public purse from Akufo-Addo’ – Ablakwa on ORAL Team’s mission
19 minutes -
Congo lawyers say Apple’s supply chain statement must be verified
44 minutes -
Stampede in southwestern Nigerian city causes multiple deaths
1 hour -
Tens of thousands without water in Mayotte as curfew brought in
1 hour -
ORAL: We won’t witch-hunt, we’ll focus on transparency, not revenge – Ablakwa
2 hours -
Attempted robbery: Accused claims he carried cutlass for protection
2 hours -
Excavator operator jailed for stealing
2 hours -
African fans age-shame me for putting on some outfits – Tiwa Savage
2 hours -
Tiwa Savage criticised by female fans for stance on cheating in relationships
3 hours -
Bank of England expected to hold interest rates
3 hours -
Congo river boat sinks killing at least 22
3 hours -
Nigeria approves Shell’s $2.4 billion asset sale to Renaissance
3 hours -
Embattled Liberian speaker questioned by police over parliament fire
4 hours -
‘I won’t be a judge in my own court; ORAL is about protecting public purse’ – Ablakwa
4 hours -
Bawumia joins thousands in Kumasi for burial prayers for Ashanti Regional Imam
4 hours