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Home » Blog » Bond market activity slumps as turnover plunges
Business

Bond market activity slumps as turnover plunges

William Agyapong
6 hours ago
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Activity on the secondary market slowed during the week, with total turnover falling sharply by 66.88% to GH¢559 million.

Most trading took place in the mid-range of the yield curve.

Bonds maturing between 2031 and 2034 accounted for just over half (51.14%) of total trades, with an average yield of 12.50%.

Meanwhile, the 2027 to 2030 segment made up the remaining 48.86%, trading at a lower average yield of 11.06%.

Long-term bonds (2035–2038) saw little to no activity, showing that investors remain cautious about holding longer-duration assets.

The newly issued 7-year bond maturing in 2033 recorded modest interest, with trades worth GH¢15.52 million at an average yield of 12.10%.

“We anticipate a pickup in secondary market activity this week, driven by end-of-month portfolio rebalancing flows, which should support improved liquidity and stronger turnover across the curve”, said Databank Research.

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TAGGED:bond marketturnover
SOURCES:The Ghana Report

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