Bond market: Secondary market trade volume surges to GH¢1.22bn

-

Activities in the secondary bond market improved by 38.1%, increasing to GH¢1.22 billion from GH¢886 million in the previous week.

The February 2032 and February 2033 maturities attracted the most interest and accounted for 43.02% of the total volume traded, recording average yields to maturity (YTM) of 23.81% and 23.69%, respectively.

Overall, maturities at the lower end of the local currency yield (LCY) curve constituted 47.48% of the trade volume, with an average YTM of 27.12%.

Meanwhile, the belly and tail end of the curve contributed 50.98% and 1.54% of the total trade volume, with average YTMs of 26.52% and 30.47%, respectively.

Analysts expect trading activities to remain concentrated at the short end of the LCY curve, with minor trades occurring at the belly this week.

READ ALSO: