Bond market: Turnover surges 148.95% week to GH¢5.67 billion

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The secondary market activity strengthened with turnover surging 148.95% week-on-week to GH¢5.67 billion last week.

According to trading activity, investor activity remained concentrated in the belly of the curve.

The 2031-2034 maturities accounted for 72.70% of total turnover at a weighted-average yield of 14.50%.

Trading in the 2027-2030 segment was comparatively subdued, contributing 26.69% of turnover at an average yield of 13.35%.

Activity at the long end remained thin, with maturities beyond 2035 representing just 0.61% of trades at an average yield of 15.44%.

Databank Research expects secondary-market activity to remain firm, supported by improving real returns and anticipated reinvestment flows, which should underpin demand across the curve.  

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