Bond market: Turnover declined by 2.5% to GH¢2.91bn

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The secondary market activity eased slightly over the week, with aggregate turnover declining by 2.58% week-on-week to GH¢2.91 billion.

Trading rotated toward the 2027–2030 segment, which accounted for 52.6% of total traded volumes at a weighted-average yield of 11.02%.

The 2031–2034 maturities followed, capturing 42.5% of activity at a weighted-average yield of 12.74%.

In contrast, long-end participation remained subdued, with the 2035–2038 tenors contributing just 4.9% of total turnover at a weighted-average yield of 12.71%.

Databank Research expects secondary market activity to remain relatively soft in the near term.

“However, with the expiration of the three-year DDEP [domestic Debt Exchange Programme] restriction, we anticipate an announcement on the resumption of bond issuances in the coming weeks”, it explained.

It believes this should help revive activity on the secondary bond market and support a gradual uptick in yields across the curve.

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