Audio By Carbonatix
Turnover in the secondary bond market rose last week to GH¢1.12 billion, up from GH¢991 million recorded in the previous week.
The general category bonds made up 82% of the volume traded.
The shorter end of the local currency yield (LCY) curve dominated, accounting for 49.44% of turnover, while its yield to maturity (YTM) decreased from 24% to 23%.
Conversely, the YTM for the middle and longer maturities edged up to 25.25% and 25.38%, corresponding to 15.31% and 35.25% of market turnover, respectively.
Analysts believe the increase in trading activity reflects growing participation from offshore investors returning to the market.
They expect this trend to continue, further enhancing liquidity in the coming weeks.
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