Chamwe Kaira
Investor confidence in government bonds remains firm, with yields holding steady across the curve, according to a Namibian Securities Exchange (NSX) bond price report released on Monday.
Monday was a non-trading day for the equity market, but bond market data was still published.
Short-term government bonds continued to show stable yields.
The BN25, maturing in November 2026, held a yield of about 10% with a price of 96.29. The GC27 bond stood at 98.45, with a yield of 7.27% ahead of its January 2027 maturity.
Medium-term bonds also remained steady. GC28, maturing in October 2028, recorded a yield of 8.35% at a price of 90.97. GC30, due in January 2030, held a yield of 8.97% and closed at 85.09.
Longer-dated bonds continued to reflect higher yields. GC40, maturing in 2040, recorded a yield of 11.04%, while GC45, maturing in 2045, stood at 11.42%. Both showed no movement.
At the long end, GC53, maturing in April 2053, recorded a yield of 11.34% with a price of 51.72, also unchanged.
Inflation-linked bonds followed a similar trend. GI27, maturing in October 2027, yielded 4.55% at a price of 120.54. GI29, maturing in January 2029, stood at 5.00% and 132.46. GI41, maturing in 2041, recorded a yield of 6.21% at a price of 68.43.
The update comes as activity in the capital markets picks up following the listing of NamPower’s N$5 billion domestic medium-term note programme, which has expanded participation on the NSX.
Long-term investors, including pension funds and insurers, dominate Namibia’s fixed income market, typically holding government bonds until maturity.
Stable yields point to continued demand for government paper, even as long-term bonds offer returns above 11%, reflecting funding needs and interest rate expectations.
