Activity in the secondary bond market saw a significant boost, rising by 38.1% to reach GH¢1.22 billion, compared to GH¢886 million the previous week.
The February 2032 and February 2033 bonds were the most sought-after, accounting for 43.02% of the total trading volume, with average yields to maturity (YTM) of 23.81% and 23.69%, respectively.
Bonds with shorter maturities on the local currency yield (LCY) curve made up 47.48% of the total trade volume, with an average YTM of 27.12%. The mid-range and longer-term bonds contributed 50.98% and 1.54% of the volume, posting average YTMs of 26.52% and 30.47%, respectively.
Analysts anticipate that trading will continue to focus on the short end of the LCY curve, with limited activity expected in the mid-range during the coming week.
SOURCE: JoyBusiness
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