Bond market: Activity bounces back to push turnover to ¢54.92m

September 5, 2023 / Comments (0)

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The Secondary bond market activity bounced back last week, as the total volume traded upturned to ¢54.92 million.

The upturn in market turnover was partly due to improved liquidity and the end-of-month portfolio adjustments by pension funds.

Investors continued to favour the 4-year bond (maturity: Feb 2027), which drove the market and contributed 86% of the total volume traded.

Bond prices were relatively stable compared to the downticks in the past weeks.

Analysts expect the elevated yields on the shorter-dated securities (T-bills), to continue to subdue bond market activities.


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