Audio By Carbonatix
The Secondary bond market activity edged modestly higher over the week, with turnover rising 20.69% week-on-week to GH¢6.39 billion.
This reflected steady but selective participation.
Investor flows remained concentrated in the belly of the curve, where 2031 2034 maturities accounted for 60.9% of traded volumes at a 15.59% weighted-average yield.
The 2027–2030 segment accounted for 25.3% of activity, at a weighted-average yield of 14.43%.
The long end saw limited participation, with 2035–2038 tenors contributing just 13.7% of volumes at a 15.98% weighted-average yield.
“We believe the recent policy rate cut reset the pricing backdrop, driving a broad repricing lower across the curve. In the coming weeks, we expect investor activity to remain anchored in the belly of the curve”, said Databank Research.
Returns will remain attractive without materially increasing duration risk.
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