- Secondary bond market activity strengthened significantly during the week
- Turnover surged 189.55% week-on-week to GH¢4.61 billion
- Trading was dominated by the February 2031 benchmark bond
Activity in the secondary bond market strengthened significantly over the week, with turnover surging by 189.55% week-on-week to GH¢4.61 billion.
Trading liquidity remained narrowly focused, as the February 2031 benchmark bond dominated market activity, accounting for GH¢1.53 billion of total traded volumes.
Investor interest continued to centre on the 2027–2030 maturity segment, which represented 60.9% of total volumes and traded at a weighted average yield of 15.00%.
Activity outside this range was more selective, with the 2031–2034 maturities attracting 35.5% of traded volumes at a weighted average yield of 14.97%.
The long end of the curve remained largely subdued, as the 2035–2038 tenors accounted for only 3.7% of transactions and traded at a weighted average yield of 16.01%.
Databank Research expects elevated secondary market activity to persist into next week, supported by continued portfolio rebalancing and improving market sentiment.
