The total volume traded declined sharply by 32.36% week-on-week to GH¢772.30 million
Activity in the secondary bond market witnessed a significant slowdown last week, with the total volume traded decreasing by 32.36% to GH¢772.30 million.
According to Joy Business, the decline in market turnover was primarily attributed to subdued activity in near-term maturities, which saw a 60% decrease to GH¢294.53 million.
Investor attention shifted towards the 14-year bond maturing in February 2037, driving activity towards the tail of the Lower Currency (LCY) yield curve and contributing 30% of the total volume traded.
Analysts anticipate some support for the bond market with the end-of-month portfolio adjustment by pension funds, which may lead to improved market volumes.