Last week, activity in the secondary bond market slowed by 5.35%, with total trades amounting to GH¢886 million, down from the GH¢1.21 billion recorded the previous week. Trading was relatively light across all tenors, including four repo transactions.
The February 2027 and February 2032 bonds dominated the market, accounting for 64.09% of the total volume traded, with average Yield-to-Maturities (YTM) of 24.31% and 27.20%, respectively. Maturities between 2027 and 2030 represented 45.74% of the trading volume, with an average YTM of 26.25%, while those from 2031 to 2034 and 2035 to 2038 made up 53.88% and 0.38%, with average YTMs of 27.08% and 28.83%.
Following the recent settlement of GH¢888 million in cocoa bonds and a US$11.5 million coupon payment on local US dollar bonds, analysts anticipate a resurgence in market activity. Trading is expected to focus on the shorter end of the local currency (LCY) yield curve in the coming days.
SOURCE: Joy Business
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