Secondary Bond market yields close up

THE Secondary Bond market started off last week with healthy activity levels while yields were seen increasing on the back of selling interest, though buying interest at higher levels capped further increases.

- By WEALTH TRUST SECURITIES

However, towards the latter part of the week, overall activity and transaction levels were seen at subdued levels despite sporadic bouts of activity interspersed between the lull periods. The yield curve recorded a marginal parallel shift upwards as the secondary market two-way quotes closed marginally higher on a week-on-week basis.

On the short end of the yield curve, the 01.02.26 and 01.08.26 maturities traded between 7.95%-7.98% and 8.05%-8.10% respectively, while the 15.01.27 maturity traded at 8.15%. The 15.09.27 and 15.12.27 maturities traded at rates of 8.55%-8.58% and 8.68% respectively at the tail end of the week. The 15.02.28, 15.03.28, 01.05.28, and 01.07.28 maturities changed hands within 8.75%-8.80%, 8.75%-8.83%, 8.80%-8.87%, and 8.88%-8.90% respectively.