Market activity on the bond market was vibrant, with improved interest in various tenors on the bourse.

However, the total volume traded declined to ¢281.57 million, about 27.60% fall over the previous week.

The new bonds accounted for over 80% of the volume traded.   

According to trading results, the 4-year new bond drove the market, accounting for 70% of the aggregate volume traded.

Analysts believe trading activity could remain vibrant on improving economic outlook. This is supported by the Monetary Policy Committee’s decision to hold policy rate at 29.5%, which could aid correction in the Local Currency Yield (LCR) curve.

Source: myjoyonline.com