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Bond Market: Total Market Turnover Declined Sharply By 42.33%
Activity on the local secondary bond market was down by 42.33% from the previous week.
According to trading results, the aggregate volume traded was worth ¢1.19 billion.
The new bonds at the front of the Lower Currency (LCY) yield curve drove market activity, attracting 61.76% of the total volume traded.
At the close of the trading week, the average yield on the 2027-2030 papers advanced by 56 basis points to 18%.
Analysts expect trading to remain positive as recent economic data improves investor sentiment on a gradual recovery in the economy.
Credit: Joy Business
