Short tenures see modest selling pressure amid limited activity

The secondary market saw limited activity and thin trading volumes.

- By FIRST CAPITAL RESEARCH

Moreover, some selling pressure was visible at the short-end of the curve. The PDMO conducted the weekly T-bill auction, at which the weighted average yields broadly stayed steady, amidst acceptances falling short of the offered amount.Within the 2028 segment, the 01.05.2028, 01.07.2028, 15.10.2028 and 15.12.2028 maturities traded between 9.10 percent-9.25 percent. Moving ahead, 15.09.2029, 15.10.2029 and 15.12.2029 traded within a narrow range of 9.57 percent-9.60 percent. The 01.03.20