Secondary Bond market yields close broadly steady

@ Foreign holdings in Rupee Treasuries record inflow for second straight week; hits highest level in 1.5 years @ Money market liquidity holds steady @ Rupee closes marginally up

- By WEALTH TRUST SECURITIES

THE Secondary Bond market last week saw subdued overall activity and relatively low transaction volumes, with trading largely confined to selected maturities.

During the early part of the week, yields held broadly steady and the market consolidated across the medium to long end of the yield curve. However, some upward movement was noted on shorter tenors, particularly in the 2026 to early 2029 maturities. Investor sentiment was cautious at the start of the week, with participants largely staying on the sidelines in the absence of clear directional signals. However, at the close of the holiday shortened week, renewed buying interest supported a recovery in sentiment, accompanied by a modest improvement in volumes and trading activity. As a result, two-way quotes in the Secondary Bond market closed broadly steady on a week-on-week basis, aside from a slight upward adjustment on the shorter maturities.