Bond market: Trade volumes dip to GH¢574m

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Activities in the secondary bond market slowed last week, decreasing by 48.87% to GH¢574 million, down from 1.12 billion.

Market turnover was distributed across the local currency yield (LCY) curve, with the February 2027 maturity recording the highest volume traded at an average yield to maturity (YTM) of 25.6%, up from 23.4%.

The shorter end of the LCY curve accounted for 76.12% of trade concentration, closing the week at an average YTM of 23.3%, while the belly and tail end represented 23.88% of trades, with average YTMs of 25.32% and 25.33% week-on-week, respectively.

Analysts expect market activity to moderate in the coming week, likely focusing on the very short end of the local currency yield curve.

Additionally, they anticipate that local and offshore participants will remain selective in the bond market, adopting a cautious approach to capitalise on the current elevated yields

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