Bond market: Market turnover declined 59.40% to GH¢2.74bn

The secondary bond market liquidity softened this week, with turnover easing 59.40% week-on-week to GH¢2.74 billion.

The February 2030 paper continued to anchor market activity, with volumes traded totalling GH¢954.54 million, reinforcing its role as the bellwether for price discovery.

Investor positioning remained skewed toward the 2027-2030 bucket, which accounted for 62.2% of volumes and traded at a weighted-average yield of 15.00%.

Activity in the 2031-2034 segment was more measured, accounting for 37.8% of turnover at a weighted-average yield of 15.56%.

The 2035-2038 tenors saw limited activity, clearing around a weighted-average yield of 15.44%.

“We see scope for a modest pickup in activity as asset managers rebalance their portfolios and manage liquidity to satisfy year-end regulatory capital thresholds ahead of final book closures for 2025”, said Databank Research.