Bond Market: Total market turnover declined sharply by 42.33%

Activity on the local secondary bond market was down by 42.33% from the prior 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.