Business

65% Increase in Secondary Bond Market Activity as Investors Rebalance Portfolios

Story Highlights
  • Secondary bond market activity rose by 65%, from GH¢550 million to GH¢907 million
  • Analysts expect more activity as investors rebalance portfolios for the quarter's end
  • Led with 56% of trades, averaging a Yield-To-Maturity of 24%

Trading activity in the secondary bond market increased by 65% week-on-week, rising from GH¢550 million to GH¢907 million.

The February 2029 and February 2031 bond maturities made up 50% of the total trading volume.

Overall, bonds maturing between 2027 and 2030 dominated, representing 56% of trades with an average Yield-To-Maturity of around 24%. The 2031–2038 maturities accounted for 44% of trades, with an average Yield-To-Maturity of 23%.

Experts anticipate a rise in market activity in the upcoming sessions, as institutional investors are adjusting their portfolios in preparation for the close of the first quarter.

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