Fixed Income Market Updates - Waxson Advisor

Fixed Income Market Updates

*Treasury Bill Rates (%) July 18**
	91 d	182 d	1yr	2yr
interest	13.3152	13.8654	14.5000	-
discount	12.8863	12.9665	-	-

Gov’t of Ghana Issuance Calendar
Month	91d	182d	1yr	2yr	3yr	15yr	Total
July 18	1,786	679	307	200	500		3,472
Aug 18	1,606	297	58	200	500	500	3,161
Sept18	1,751	278	83	200	-	-	3,112

Indicative Government of Ghana Bond Prices- Secondary

----------------------------------------------------------------------------------------------------------------------------------- NB: These are INDICATIVE and are subject to negotiation.

Ghana Economic Indicators (%)
BOG MPR	17.0	GDP Growth*	6.80 %
Inflation	10.0	Budget Deficit*	4.50%

* 2018 projected

International Benchmark Rates (%)
US Fed Rate	2.00	$ 3mth Libor	1.18
ECB Rate	0.25	$ 6mth Libor

Emerging Market Index
		Last Price( USD)		%Chg
MSCI		853.30		-3.10 / -0.36%
EMB		109.11		0.20%
EMLC		17.33		0.35%
Ghana Eurobonds
Bond Description	Last Price		% Chg		Yld (%)
Ghana 81/2 10/04/17	102.74		+0.28		5.26
Ghana 7 7/8 08/07/23	87.82		-2.39		10.44
Ghana 8 1/8 01/18/26	87.31		-2.23		10.48
Ghana 10 3/4 10/14/30	107.05		-3.49		9.77

Commodities

Price (USD)

+/-

%chg

Gold

1,224.24

-2.20

-0.2

Cocoa(C1)

1,740.00

-155.00

-8.18

Oil (Brent)

72.22

0.60

+0.75

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