- Secondary bond market dropped by 51.67% week-on-week, with a GH¢483 million decline
- Decline attributed to Islamic holidays affecting trading activity
- February 2030 maturity led with an average yield to maturity (YTM) of 23.5%
The secondary bond market saw a significant decline of 51.67% week-on-week, dropping by GH¢483 million from GH¢999 million the previous week.
This decline is largely attributed to the Islamic holidays.
Trading activity across maturities was limited, with the February 2030 maturity leading at an average yield to maturity (YTM) of 23.5%. The shorter end of the local currency yield curve represented 51% of the trading activity, with an average YTM of 23%. Meanwhile, trades at the belly to tail end accounted for 49%, with an average YTM of 22%.
Analysts predict that secondary bond market activity will remain low in the upcoming weeks, as investors await clearer economic signals and the results of the International Monetary Fund review. They anticipate continued low trading volumes until market confidence improves.
