Bond market: Total volume of bonds exchanged decreased by 3.97% to GH¢1.21bn

Total volume traded in the secondary market dipped slightly by 3.97% to GH¢1.21 billion, down from GH¢1.25 billion the previous week.

The February 2036 to Feb 2038 maturities accounted for 122 of the 193 total transactions, with an average Yield-To-Maturity of 27.76%.

Conversely, prices for the August 2027 to February 2028 maturities improved, translating into a Yield-To-Maturity of 21.89%.

Overall, the shorter end of the LCY curve represented 29.23% of total market turnover, while the belly and tail accounted for 48.26% and 22.51%, respectively.

This week, analysts expect trading activities to remain concentrated on the shorter end of the LCY curve.

The reason is that investors continue to focus on the short-term securities.