Bond market: Volume up by 12.45% to GH¢746m

Activity in the secondary bond market rose by 12.45 percentage points to GH¢746 million last week, compared to about GH¢663 million the previous week.

The August 2027 maturities accounted for most of the trades, with yields to maturity (YTM) rising by 260 basis points to 23.93%.

Notably, the February 2029 and February 2030 maturities led trading volumes, together accounting for 39% of total transactions, with average YTMs of 24.95% and 24.46%, respectively.

Overall, the shorter end of the local currency yield (LCY) curve represented 62.6% of market activity at an average YTM of 24.39%.

The mid-term maturities accounted for 37.4% at an average YTM of 25.56%.

Analysts expect overall trade activities to moderate next week, with improved activity in the mid-term segment of the local currency yield (LCY) curve.