The Secondary bond market activity slowed down last week.

The total volume traded declined sharply by 32.36% week-on-week to GH¢772.30 million.

The substantial drop in market turnover was largely driven by subdued activity across the near-term maturities, which declined 60% week-on-week to GH¢294.53 million.

Investors switched focus to the 14-year bond (maturity: Feb-2037), which drove the market at the tail of the Lower Currency (LCY) yield curve.

This contributed 30% of the total volume traded.

Analysts expect the bond market to find some support in the end-of-month portfolio adjustment by most pension funds, which may likely improve market volumes