Bond market: secondary market volume dips to GH¢886m



The secondary bond market exercise slowed by 5.35% to GH¢886 million final week, down from GH¢1.21 billion recorded throughout the previous week.

There have been minor clips of commerce throughout all tenors, alongside 4 repo transactions.

The February 2027 and February 2032 maturities accounted for 64.09% of the full quantity traded, with common Yield-To-Maturities of 24.31% and 27.20%, respectively.

General, maturities from 2027 to 2030 made up 45.74% of market exercise, with a mean YTM of 26.25%. The 2031– 2034 and 2035–2038 maturities contributed 53.88% and 0.38%, with a mean YTM of 27.08% and 28.83% respectively.

With the latest settlement of GH¢888 million in cocoa bonds and US$11.5 million in coupon funds on native US greenback bonds, analysts anticipate buying and selling exercise to ramp up within the coming days.

The key buying and selling actions are prone to be concentrated on the shorter finish of the LCY curve.


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