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The secondary bond market in Ghana recorded a significant contraction last week, with turnover falling by 44.87% week-on-week to GH₵5.03 billion. This sharp decline in trading activity reflects a shift in investor engagement as the market processes various macroeconomic signals and anticipates new economic data. Despite the overall reduction in volume, activity remained highly concentrated within specific maturity brackets, particularly those maturing within the next five years. Analysis of the trading data shows that the 2027-2030 maturity segment dominated the market, accounting for 57.83% of the total turnover. These bonds traded at a weighted-average yield of 13.03%. The next most active segment comprised maturities between 2031 and 2034, which represented 41.69% of the market share with a higher weighted-average yield of 14.52%. Together, these two segments accounted for the vast majority of all secondary market activity during the period. In contrast to the shorter-to-medium-term bonds, there was very limited interest in post-2035 maturities. This long-end segment contributed just 0.49% of the total turnover, even with a higher yield of 15.06%. Looking ahead, analysts at Databank Research suggest that market participants are adopting a cautious stance. Near-term trading activity is expected to be heavily influenced by the upcoming release of national inflation data, as investors seek to recalibrate their interest rate expectations and adjust their portfolios in response to price level trends.