加纳国债发行激增收益攀升

Group 1 - The core point of the article highlights Ghana's government actively raising funds through debt issuance, accepting bids worth 100.9 billion cedis, which is 40.68% higher than the auction target, injecting 31 billion cedis into the national treasury as a buffer strategy ahead of upcoming debt maturities [1] Group 2 - Last year, there was a slight decline in demand for treasury bills due to falling interest rates, but investor demand remained strong last week, particularly for the 364-day treasury bills, which accounted for approximately 46% of the total issuance [2] - The weighted average yield for the 364-day treasury bill increased by 8 basis points to 12.98%, while yields for shorter-term government bonds also saw slight increases, with 182-day and 91-day yields at 12.65% and 11.19% respectively [2] - Trading activity in government bonds on the secondary market surged by 165.46% to 93.4 billion cedis, indicating heightened market interest, especially in the near and mid-end of the local currency yield curve [2] - The average yield in the secondary market decreased by 21 basis points to 15.13%, suggesting that investors are preparing for upcoming coupon payments, reflecting a bullish market sentiment [2] - The Ghana Stock Exchange (GSE) experienced a moderate increase in its index driven by liquidity [2]