Bond market: Turnover rises 77% to GH¢2.76bn
The Secondary market activity strengthened, with turnover rising 77.13% week-on-week to GH¢2.76 billion last week. Trading remained concentrated in the 2027-2030 segment, which accounted for 70.08% of turnover at an average yield of 12.37%. The 2031-2034 segment contributed 25.83% at an average yield of 14.09%. The post-2035 maturities remained thin, accounting for 4.08% of turnover […]
The secondary bond market witnessed a significant surge in activity last week, with turnover increasing by an impressive 77.13% week-on-week to reach GH¢2.76 billion. Trading momentum was primarily driven by bonds maturing between 2027 and 2030, which accounted for a substantial 70.08% of the total turnover. These bonds offered an average yield of 12.37%.
Bonds in the 2031–2034 maturity segment contributed 25.83% of the turnover, yielding an average of 14.09%. Longer-dated bonds maturing beyond 2035 were relatively underutilized, representing only 4.08% of the turnover and providing an average yield of 14.79%. The September 2030 bond saw limited trading, with turnover amounting to GH¢1.12 million at a weighted-average yield of 11.75%.
Analysts at Databank Research anticipate that bond market activity will remain subdued in the coming weeks as investors adopt a cautious approach, awaiting the release of inflation data on October 7. The forthcoming inflation figures are expected to offer valuable insights into the future trajectory of Treasury yields.
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