Bond market: Turnover contracts by 6% to GH¢1.90bn

Story By: myjoyonline.com

The secondary market turnover contracted 6.62% week-on-week to GH¢1.90 billion last week.

Activity was concentrated at the short end of the local currency yield curve (LCY).

The 2027-2030 maturities accounted for 56% of total volumes, clearing at a weighted average yield of 16.74%.

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The 2031-2038 papers made up 44%, with an average yield of 16.47%.

Analysts expect moderate trading as participants rebalance portfolios ahead of upcoming coupon payments.

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