Bond market: Turnover up 29% to GH¢2.43bn

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The turnover of the secondary bond market strengthened notably by 29.99% week-on-week to GH¢2.43 billion from GH¢1.87 billion the previous week.

The February 2027 maturity dominated flows with GH¢591.25 million in volumes traded.

The 2027-2030 bonds led market activity, capturing 42.9% of total volumes at a weighted average yield of 15.68%.

Meanwhile, the 2031–2038 papers followed, jointly accounting for 57.1% of total trades within a tight yield corridor of 15.73% to 15.81%.

“We expect market activity to remain steady, supported by improved liquidity and sustained interest in the belly of the curve, where risk-adjusted returns remain attractive”, Databank Research pointed out.

Joy Business understands that investors continue to seek incremental carry while maintaining a defensive duration stance, amid expectations of the government’s re-entry into the primary bond market.

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