Bond market: Secondary activities dip by 51% to GH¢483m

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The Secondary bond market activity decreased sharply by 51.67% week-on-week, down GH¢483 million from GH¢999 million the previous week.

This was primarily due to the Islamic holidays.

Trade in the general category of maturities was modest, with the February 2030 maturity leading at an average yield to maturity (YTM) of 23.5%.

The shorter end of the local currency yield curve accounted for 51% of trading activity, averaging a YTM of 23%.

On the other hand, the belly to tail end represented 49% of trades at an average YTM of 22%.

Analysts expect secondary bond market activity to remain subdued in the coming weeks as investors cautiously await clearer economic signals and the outcome of the International Monetary Fund review.

They anticipate low trading volumes until market confidence improves.

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Bond market

secondary activities

YTM