The secondary bond market for Government of Ghana papers sustained the upbeat in trading activity last week.

Total weekly volume traded increased 47.42% week-on-week to ¢2.07 billion.

Last week’s trading was more concentrated at the belly of the LCY curve, as the 2031-2034 papers together constituted 61.40% of the aggregate market turnover.

Bond yields recorded a mixed performance, with the 2027-2030 papers down by 82 basis points to 19.22%.

The 2031-2034 however increased by 91 basis points to 16.63%.

Analysts are optimistic that the bond market will continue to record improved trading activity in the near term, as investor confidence steadily rebounds on Ghana’s disinflation process.

Meanwhile, aggregate turnover on the secondary fixed income market quickened to ¢4.19 billion (+10.7% week-on-week) last week, almost evenly split between bonds and T-bills.

Source: myjoyonline.com