Bond market: Secondary bond trade volumes plummet 62.45% to GH¢229m

October 23, 2024 / Comments (0)

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Activities in the secondary bond market continued at a subdued pace, with total trade volume declining by 62.45 percentage points to GH¢229 million.

Trading was primarily focused on the February 2027 maturity, which represented 51.8% of the total trade and attracted an average yield to maturity (YTM) of 23.37%,.

This was a slight decrease from 23.72% in the previous week.

Overall, the shorter end of the yield curve accounted for nearly 100% of trading activities, with an average yield to maturity (YTM) of 24.28%.

 Analysts expect trading in the bond market to remain subdued, with Treasury bills continuing to dominate secondary market activity.

Source: myjoyonline.com

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