Bond market turnover rises 77% to GH¢2.76bn
Activity on the secondary bond market strengthened last week, with turnover rising 77.13 per cent week-on-week to GH¢2.76 billion.
Last week, the secondary bond market saw a surge in trading activity, with turnover increasing by an impressive 77.13% week-on-week to reach a total of GH¢2.76 billion. The majority of the trading activity focused on bonds maturing between 2027 and 2030, which made up 70.08% of the total turnover at an average yield of 12.37%. Bonds in the 2031-2034 maturity segment contributed 25.83% of the turnover, yielding 14.09% on average.
Longer-dated bonds, maturing from 2035 onwards, accounted for only 4.08% of the turnover, with yields reaching 14.79%. The September 2030 bond experienced limited activity, with a turnover of GH¢1.12 million and an average yield of 11.75%. Experts predict that bond market activity will remain subdued as investors adopt a cautious approach, awaiting the release of inflation data on October 7.
The upcoming inflation figures are anticipated to provide crucial insights into the future direction of Treasury yields.
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- Bond market: Turnover rises 77% to GH¢2.76bn myjoyonline.com
