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Bond market: Trading activity declines by 23.15% to GH¢1.18bn – MyJoyOnline

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Bond market: Trading activity declines by 23.15% to GH¢1.18bn – MyJoyOnline

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Trading activity in the secondary bond market declined by 23.15% week-on-week, with total volumes closing at GH¢1.18 billion from GH¢1.53 billion.

The price action was broad-based across general category bonds.

The 2027-2030 maturities led trading with a 57% share and an average Yield-To-Maturity of 21.47% (+0.5 percentage points).

The 2031–2038 papers accounted for 43% at an average YTM of 21.62%.

Analysts expect trading activity to remain relatively muted in the coming week.

This is because institutional investors are shifting focus to the Bank of Ghana’s newly issued 273-day bill.

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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.

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