Secondary Bond market yields open steady ahead of weekly Bills auction

THE secondary Bond market yesterday kicked off the new trading week on a dull note, with overall activity at subdued levels.

- BY WEALTH TRUST SECURITIES

However, selective buying interest was observed on the longer end of the yield curve, specifically centred around 2034-2035 maturities.

This drove turnover to be seen at healthy levels despite the relatively low activity. Yields were seen holding broadly steady along the curve, as this concentrated demand kept rates anchored around prevailing levels. The exception being the 2029 tenors which saw rates edge up further marginally.