Bond market: Secondary activities surge 67% to GH¢1.67bn

The Secondary bond market activities picked up last week, rising 67% week-on-week to GH¢1.67 billion, with treasury bills leading trade volumes.

The general category bonds saw decent activity, driven by February 2028 and February 2030 bonds.

This accounted for 68% of total trades at an average Yield-To-Maturity of 25%.

Overall, the 2027–2030 maturities made up 77% of trades at an average YTM of 25%. The 2031–2038 maturities accounted for 23%, with the average YTM easing to 26%.

Analysts expect stronger demand at the shorter end of the yield curve as investors position ahead of the national budget reading scheduled for March 11, 2025.