Bond Market: Total turnover increased sharply by 88.89% to new high of ¢2.06bn

Source The Ghana Report

The local secondary bond market experienced significant improved trading activity last week.

The total market turnover broke the ¢2 billion mark to an all-time post-Domestic Debt Exchange Programme high of ¢2.06 billion.

The market registered 54 trades on the new bonds, with the February 2027 and February 2030 papers jointly dominating activity and accounting for 54.15% of the total face value traded.

Bond yields compressed an average of 377 basis points at the front of the Local Currency Yield curve while recording an increase at the bell (+178 basis points) to the tail (+87 basis points) of the curve.

Analysts expect the end-of-month portfolio adjustment by pension fund managers to augur well for bond market activity this week.

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