The secondary bond market exhibited a relatively subdued atmosphere compared to the previous week.

This was due to the rising inflation which has prompted investors to exercise further caution in biding long positions in Government of Ghana bonds.

Total market turnover consequently declined 98.85% week-on-week to ¢4.81 million.

This was largely from minor transactions across the old bonds.

The LCY curve tilted northward at the front, gaining an average of 328 basis points to 16.06%,

Analysts perceive a slight increase in market activity this week as investors gear up for the upcoming coupon payments.

Source: myjoyonline.com