Bond market: Total market turnover increased 298.4% to ¢218.80m

September 12, 2023 / Comments (0)

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The secondary bond market was lively last week there were trades across nearly all tenors of the new bond.

Total market turnover increased by 298.4% week-on-week to ¢218.80 million.

According to the result, the 2027- 2030 bond maturities garnered significant interest.

Bond prices recorded marginal increases as the restructured bonds held by pension funds settled last week.

The yields at the short end of the LCY curve lost an average of 169 basis points week-on-week to 12.87%, while the longer end declined 121 basis points week-on-week to 12.89%.

Analysts expect the market to remain lively, as pension fund managers continue to allot the recently settled bonds to various portfolios.


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