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Bond market: Turnover tumbled by 88.05%to GH¢18.51m

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Bond market: Turnover tumbled by 88.05%to GH¢18.51m

The total volume exchanged on the secondary bond market for Government of Ghana papers lost steam last week.

The market turnover declined sharply by 88.05% week-on-week to GH¢18.51 million.

Notably, the decline in market activity was largely driven by a 95% week-on-week decrease in exchange activity across the front and tail of the LCY yield curve.

However, market activity bounced back at the belly of the curve.

This constituted 27%% of the weekly aggregate market turnover.

Analysts expect exchange volumes to remain sluggish in the bond market as the treasury bills continue to drive secondary market activity.

Source: Myjoyonline

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