Bond market: Turnover declined by 28% to GH¢1.56bn
The secondary bond market activity slowed, with turnover declining 28.56% week-to-week to GH¢1.56 billion. Trading remained concentrated in the 2031-2034 segment. It accounted for 71.30% of turnover at an average yield of 13.93%. The 2027-2030 segment contributed 23.05% at an average yield of 12.37%, while post-2035 maturities represented 5.65% of turnover at an average yield […]
The secondary bond market saw a significant slowdown, with turnover dropping by 28.56% week-to-week to GH¢1.56 billion, according to market data. Trading activity was heavily focused on the 2031-2034 segment, which made up 71.30% of total turnover and boasted an average yield of 13.93%. The 2027-2030 segment accounted for 23.05% of the market, yielding 12.37%, while post-2035 maturities contributed 5.65% at an average yield of 15.34%.
A newly issued September 2030 bond turned over GH¢5.45 million, with an average yield of 11.85%. Analysts at Databank Research anticipate a modest rebound in secondary bond activity this week, driven by fund managers' portfolio adjustments at month-end. However, they caution that the market's upside may be limited, as investors prepare to redirect liquidity towards COCOBOD's GH¢16.3bn issuance program, scheduled for allocation on 30 September and issuance on 1 October 2026.
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