Trading activity in the secondary bond market increased by 14.38% last week, closing at GH¢986 million, up from GH¢862 million.

Trading remained concentrated at the front and belly of the yield curve.

This accounted for 51% and 42% of total volumes traded, respectively.

Prices on these bonds rose slightly, contributing to a 29-basis point decline in yields to 26.4%.

The tail end of the curve saw limited activity, contributing just 7% of total trades at an average yield to maturity of 28%.

Looking ahead, analysts expect the front end to remain the primary focus of trading, with the belly primarily used for Repo transactions.