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

Secondary bond market activity surged by 67% week-on-week to reach GH¢1.67 billion, with treasury bills leading overall trade volumes.

General category bonds, particularly the February 2028 and February 2030 issues, drove 68% of total trades at an average Yield-To-Maturity (YTM) of 25%.

Overall, bonds maturing between 2027 and 2030 accounted for 77% of trades, maintaining the same 25% average YTM, while those maturing from 2031 to 2038 made up 23% of trades with a slightly higher average YTM of 26%.

Analysts anticipate stronger demand at the shorter end of the yield curve as investors reposition ahead of the national budget reading scheduled for March 11, 2025, reflecting cautious optimism in the market.