The Ghanaian secondary bond market experienced a notable increase in total face value traded to GH¢93.86 million.
This is a five times improvement over the preceding week.
The increase in activity was partly supported by block volumes in the February 2030 bond (Average Yield To Maturity: 23.46%), which accounted for a third of the aggregate market turnover.
Overall, the front of the LCY [Lower Curve] yield curve contributed 54% of the week’s market turnover.
On the other hand, the belly and the tail accounted for 26% and 20%, respectively.
Analysts expect exchange volumes on the bond market to improve but still below the GH¢100 million mark.