Secondary market turnover jumps 77% to GH¢2.76bn as 2027–2030 bonds dominate trading
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 […]
Secondary market activity experienced a significant surge, with turnover surging 77.13% week-on-week to reach GH¢2.76 billion. Trading activity remained predominantly focused on the 2027-2030 bond segment, which comprised 70.08% of the total turnover at an average yield of 12.37%. The 2031-2034 segment contributed 25.83% of the turnover, boasting an average yield of 14.09%.
The post-2035 maturity bonds accounted for a smaller portion, making up 4.08% of the turnover at an average yield of 14.79%. September 2030 bonds saw limited trading, with turnover amounting to GH¢1.12 million and a weighted-average yield of 11.75%. Analysts at Databank Research anticipate bond market activity to remain subdued, as investors exhibit caution prior to the release of the inflation data on Wednesday, 7th October.
This upcoming inflation print is expected to provide valuable insights for determining future treasury yields.
Written by urgent.news from Adom Online's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
