Bond market: Trade volumes surge over 100% to GH¢1.53bn

Story By: myjoyonline.com

Trade activities in the secondary bond market picked up last week, reaching GH¢1.53 billion.

This was up from GH¢715 million in the previous week.

The February 2035 and February 2037 maturities dominated trading, accounting for 65% of total trade volumes, with yields to maturity (YTM) on the rise.

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Overall, the 2027-2030 maturities represented 21% of the market turnover, with a YTM of 24%.

While maturities from 2031 to 2038 captured 79% of total trade concentration, YTM increased to 26%.

Analysts expect the yields to maturity of longer-dated bonds to remain elevated in the near term as investors seek higher returns amid a rising interest rate environment.

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