Bond market: Total turnover expands to GH¢93.86m

Source The Ghana Report

The Ghanaian secondary bond market experienced a notable increase in total face value traded to GH¢93.86 million.

This is a five times improvement over the preceding week.

The increase in activity was partly supported by block volumes in the February 2030 bond (Average Yield To Maturity: 23.46%), which accounted for a third of the aggregate market turnover.

Overall, the front of the LCY [Lower Curve] yield curve contributed 54% of the week’s market turnover.

On the other hand, the belly and the tail accounted for 26% and 20%, respectively.

Analysts expect exchange volumes on the bond market to improve but still below the GH¢100 million mark.

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