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Television of Wednesday, 2 April 2025

    

Source: www.ghanawebbers.com

Bond market: Activities pick up by 10.22% to GH¢999m

Activities in the secondary bond market increased by 10.22% last week. Trading rose to GH¢999 million from GH¢907 million.

The February 2027 and February 2031 bonds made up 49% of total trades. Bonds maturing between 2027 and 2030 dominated, capturing 54% of trades. Their average yield to maturity (YTM) was about 23%.

In contrast, the segment for bonds maturing from 2031 to 2038 contributed 46%. This segment had an average yield of 24%.

Analysts predict lower bond market activity in the coming weeks. Investors are reassessing risks after the Monetary Policy Committee raised rates by 100 basis points to 28%. There are also plans to reopen the market.

Longer-dated issuances to pension funds may offer some stability. However, uncertainty around liquidity conditions could increase risk premiums. This situation might steepen the yield curve in the near term.