Activity on the secondary bond market surged during the week, with total turnover rising by 319.43% week-on-week to GH¢2.34 billion.
The sharp increase was mainly driven by end-of-month portfolio adjustments by investors.
Most trading activity was focused on short- to medium-term bonds, particularly those maturing between 2031 and 2034, which made up 56.34% of total turnover.
These bonds traded at an average yield of 12.53%.
Bonds maturing between 2027 and 2030 also recorded strong activity, accounting for 43.62% of total turnover with an average yield of 11.19%.
In contrast, long-term bonds maturing between 2035 and 2038 saw limited investor interest, contributing only 4.0% of total turnover at an average yield of 12.53%.
The newly issued 7-year 2033 bond recorded modest trading activity of GH¢1.04 million, with an average yield of 12.37%.
Databank Research expects market activity to remain selective in the coming weeks, with investors likely to continue focusing on short- to medium-term bonds while demand for long-term bonds stays weak.
