The secondary bond market experienced a sharp decline of 51.67% week-on-week, with a drop of GH¢483 million from GH¢999 million the previous week.
This decline is primarily attributed to the Islamic holidays.
Trading activity in the general category of maturities was modest, with the February 2030 maturity leading at an average yield to maturity (YTM) of 23.5%.
The shorter end of the local currency yield curve accounted for 51% of trading activity, averaging a YTM of 23%. Meanwhile, the belly to tail end represented 49% of trades, with an average YTM of 22%.
Analysts predict that secondary bond market activity will remain subdued in the coming weeks, as investors cautiously await clearer economic signals and the outcome of the International Monetary Fund review.
They foresee low trading volumes until market confidence improves.
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