Secondary Bond market yields continue to see-saw

# Rs. 55 b Treasury Bond auction in focus Rupee depreciates further

- BY WEALTH TRUST SECURITIES

THE secondary Bond market yesterday opened the new trading week on a positive note, with yields initially trending lower, extending the recovery momentum observed towards the latter part of last week.

Early buying interest, particularly in liquid benchmark maturities on the short end, exerted downward pressure on yields during the morning session. However, as the day progressed, profit-taking interest emerged, resulting in a marginal reversal in market rates. Consequently, yields gradually edged higher, erasing earlier gains, and the market ultimately closed with yields quoted slightly above opening levels.

Market activity and transaction volumes were relatively healthy during the early part of the session, supported by several block trades. However, activity tapered off sharply as the reversal took hold, eventually reaching a near standstill, with market participants adopting a cautious, wait-andsee approach ahead of today's scheduled Treasury Bond auction.