The bonds that got the most attention were the ones maturing in February 2027 and August 2027. Together, they made up a whopping 44% of all trades! These bonds were traded at an average Yield-To-Maturity (YTM) of 20.9%.
When we look at the shorter bonds, they made up 60% of the trading volume, with an average YTM of 20%. The middle and longer-term bonds accounted for the other 40%, trading at an average YTM of 21.33%.
According to Databank Research, they believe that trading will pick up soon. This is because people are starting to think that the bond market might reopen.
The report also mentioned that this positive outlook is backed by good news from the Bank of Ghana’s recent meeting about the economy. So, it looks like there might be more action in the bond market in the days to come!