Trading in public debt securities on the West African Monetary Union’s (WAEMU) secondary market totalled CFAF81.76 billion from 2 to 6 November 2026, a 31% weekly decline, according to the report published by UMOA-Titres on Monday, 9 November.
Turnover fell much more sharply than the number of deals. Investors completed 64 transactions, down 3% from the previous week, across 33 different securities, an increase of 10%. The market involved 30 participants, compared with 32 in the final week of October.
In CFAF billions, including accrued interest
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Source: UMOA-Titres, secondary-market weekly report, 2–6 November 2026, released 9 November.
| Category | CFAF billions, including accrued interest |
|---|---|
| Thursday 5 November | 27,289 |
| Monday 2 November | 20,265 |
| Tuesday 3 November | 15,766 |
| Friday 6 November | 15,057 |
| Wednesday 4 November | 3,380 |
Thursday accounts for more than a third of weekly turnover
Trading on Thursday, 5 November, reached CFAF27.29 billion, around one-third of the weekly total. A Togolese Treasury bond maturing on 19 April 2031 accounted for CFAF10.30 billion of that session’s turnover, including accrued interest. Two trades took place in the security, which carries a 6.25% coupon, at an average price of 99.60% of face value and an average yield of 6.34%.
By contrast, just CFAF3.38 billion changed hands on Wednesday, 4 November. Turnover on the other sessions ranged from CFAF15.06 billion to CFAF20.27 billion, reflecting marked differences in daily activity in previously issued government bonds.
Year-to-date trading exceeds CFAF6,649 billion
For 2026 to date, secondary-market turnover has reached CFAF6,649.03 billion, up 53% from the corresponding period in 2025. The cumulative number of trades rose to 3,140 (+45%), involving 482 distinct securities (+24%), according to the same UMOA-Titres report.
The figures cover transactions between investors in government securities already issued, more than five days after their value date. New Treasury bill and bond subscriptions take place in the primary market, while this weekly secondary-market report records the prices, yields and amounts traded in outstanding securities.