Bond market: Trading activities rose by 22.7% to GH¢557m

Story By: myjoyonline.com

The secondary bond market activities rose by 22.72% week-on-week to GH¢ 557 million last week.

This was from GH¢453 million the previous week.

It followed the International Monetary Fund (IMF) staff-level agreement on Ghana’s 4th Economic Credit Facility review.

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Trading was led by General Category Bonds, with the Feb 2030 paper topping volumes and closing at an average Yield-To-Maturity of 22.8%.

Activity at the short end of the LCY yield curve improved by 12% week-on-week to 59% of total trades, clearing at an average Yield-To-Maturity of 23%.

The belly-to-tail end accounted for 41%, at 22%.

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Analysts expect modest activity in the near term as banks rebalance portfolios ahead of the month-end

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