Bond market: new bonds attract investor interest; market recovers swiftly

May 10, 2023 / Comments (0)

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The secondary bond market was lively in the week under review as total volume traded recovered 293.93% week-on-week to ¢459.34 million.

This is partly on resolved valuation challenges.

According to the trading results, the new bonds garnered significant investor interest.

The yields at the short end of the curve gained an average of 38 basis points week-on-week to 10.46%, while the longer end increased 31 basis points week-on-week to 10.23%.

With the valuation challenges on the new bonds resolved, analysts believe trading activity is likely to improve.

In the previous week, trading activity on the local secondary bond market went down by 64.83% week-on-week.

According to the trading results, the aggregate volume traded was estimated at ¢116.61 million.


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