Bond market: Activities pick up by 10.22% to GH¢999m

Activities in the secondary bond market picked up by 10.22% week-on-week to GH¢999 million last week from GH¢907 million.

The February 2027 and February 2031 maturities accounted for 49% of total volumes traded.

Overall, bonds maturing between 2027 and 2030 dominated, capturing 54% of trades at an average yield to maturity (YTM) of approximately 23%.

The 2031–2038 segment however contributed 46% at an average yield of 24%.

Analysts expect subdued bond market activity in the coming weeks as investors reassess risks following the Monetary Policy Committee’100 basis points hike to 28% and plans to reopen the market.

While longer-dated issuances to pension funds may provide stability, uncertainty around liquidity conditions and risk premiums could steepen the yield curve in the near term.