Bond market: Volume falls by 50.1% on risk sentiments

Trading activities in the secondary bond market declined by 50.1% last week due to risk-off sentiments among offshore investors.

Total volume traded fell to GH¢762 million, down from GH¢1.5 billion recorded in the previous week.

The shorter end of the local currency (LCY) curve accounted for approximately 33% of market turnover, with a yield to maturity increasing to 25%.

On the other hand, the belly and tail segments totalled 67% of market concentration with an average Yield-To-Maturity up to 26%.

Analysts expect trade activities to remain subdued as the festive season comes up.

This is because offshore investors are adopting a wait-and-see approach amid the ongoing power transition.