secondary market

10 Oct

Bond Market: Total Market Turnover Increased By 45% To ¢582.64M

wontumionlineBusinessBond market, imf, secondary market, turnover

Trading on the secondary bond market was upbeat last week. This is partly on the back of positive remarks from the International Monetary Fund, following the first review of Ghana’s $3 billion Economic Credit Facility. Investors exchanged a total volume of ¢582.64 million, representing a 45.26% increase week-on-week in Government of Ghana bonds. The February 2027 and February 2028 papers jointly dominated trading activity, contributing 84% out of 107 trades recorded during the week and over 90% of the market turnover. Bond yields at the front of the LCY curve declined 187 basis points to 12.47%. Analysts expect trading activity…

23 Aug

Treasury Yields To Increase In Coming Weeks; Inflation To Peak In Quarter 4 – Report

wontumionlineBusinessInflation, policy rate, secondary market, Treasury Bill, treasury yields

With liquidity constrained and the policy rate of the Bank of Ghana at 22%, yields on treasury bills are expected to go up in the coming weeks. According to Databank Research, upward pressure on yields persist due to tightened monetary policy directive. For instance, yields went up across the T-bills curve, with the 91-day at 27.72% (+38 basis points) and the 182-day yield at 29.29% (+56bps). “In light of the policy rate hike, we expect investors to focus on T-bills in the primary market for re-pricing benefits. We expect investors would concentrate on short-term bonds in the secondary market to…