Bond market: Secondary market activities surge 65% to 907m

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Activity in the secondary bond market surged 65% week-on-week to GH¢907 million from GH¢550 million the previous week.

The February 2029 and February 2031 maturities accounted for 50% of traded volumes.

Overall, the 2027–2030 maturities led with 56% of trades at an average Yield-To-Maturity of approximately 24%.

The 2031–2038 segment also contributed 44% at an average Yield-To-Maturity of 23%.

Analysts expect market activity to pick up in the coming sessions.

This is because institutional investors are rebalancing portfolios ahead of the first quarter’s close.

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