Bond market: Secondary trade activity falls to GH¢403m

The secondary bond market declined by 22.73 percentage points to GH¢403 million last week.

This is down from GH¢522 million the previous week.

The shorter end of the yield curve dominated trading, with maturities from 2027 to 2030 accounting for 65% of total trades at an average yield to maturity (YTM) of 27%.

The maturities from 2031 to 2034 comprised 35% at an average YTM of 28%.

Analysts expect a quiet session next week, with only minor repo trades for collateral purposes, as investor interest in T-bills grows.

This is due to their attractive yields and safety compared to the bond market.