Audio By Carbonatix
The secondary bond market turnover increased by 33.12% week-on-week to GH¢1.87 billion from GH¢1.41 billion the previous week.
According to the trading results, the February 2035 maturity led flows with GH¢483.92 million in volumes traded.
However, the 2031–2038 bonds led market activity.
It accounted for a combined 68.6% of total volumes at a weighted average yield of 16.10%.
Meanwhile, the 2027–2030 papers accounted for 31% of trades at a weighted average yield of 15.65%.
“We expect market momentum to remain firm in the coming weeks, with short- to medium-term yields staying broadly anchored amid improved investor sentiment following Moody’s credit rating upgrade”, Databank Research said.
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