The country’s Secondary Bond Market has seen a significant surge in activity, with trading volumes rising by 54.21 per cent to GH¢2.47billion.
This notable increase is a sign of investors' continued interest in the market and improved liquidity.
The market's strong performance can be attributed to a combination of factors, including favorable market conditions and investor appetite for bonds with attractive yields.
The market's performance was driven primarily by bonds with maturities between 2027 and 2030, which accounted for 87.6 per cent of total turnover.
These bonds offered a relatively attractive yield of 14.54 per cent, making them appealing to investors seeking returns. The February 2029 bond was particularly popular, with GH¢815.94 million in trades, highlighting its liquidity and appeal to investors.
While longer-term bonds saw some activity, they were not as popular, with trading volumes and yields reflecting investor caution.
Investors appear to be prioritizing liquidity and stability, opting for bonds with shorter maturities that can be easily bought and sold.
This trend is consistent with the current market environment, where investors are seeking to minimize risk and maximize returns.
Market analysts
Looking ahead, market analysts expect the positive sentiment to continue, with investors focusing on bonds that offer a good balance of liquidity and returns. The market's stability and attractiveness are likely to remain key drivers of investor interest.
As the market continues to evolve, it will be interesting to see how investors respond to changing market conditions and economic trends.
Overall, the bond market's strong performance reflects investors' preference for liquidity and stability.
With continued interest in shorter-term bonds and attractive yields, the market is likely to remain resilient and attractive to investors seeking returns.