Bond market: Trading jumps 36.12%, focused on shorter tenors

Story By: B&FT

The secondary bond market activity edged higher, closing at GH¢862 million last week.

This was up from GH¢634 million the prior week.

The shorter dated bonds (2027–2030 maturities) dominated trading.

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It accounted for 68% of total turnover at an average yield to maturity (YTM) steady at 26%.

The longer-dated instruments (2031–2038 maturities) also comprised 32%, with an average YTM of 28%.

Analysts expect trading activities to remain concentrated at the shorter end of the yield curve, driven by attractive yields on Treasury securities.

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