Secondary Bond market rates close steady

THE secondary Bonds market recorded a steady and consolidative tone throughout last week, with yield movements largely anchored around prevailing levels and activity driven by selective demand and intermittent block-trade interest.

- BY WEALTH TRUST SECURITIES

Overall activity and transaction volumes were seen at healthy levels. As a result, two-way quotes closed broadly steady across most of the yield curve, although yields were observed drifting slightly upward toward the tail-end of the week on selected tenors.

In terms of the secondary Bond market trade summary, the 01.06.26 maturity traded at 8.15%, while the 15.10.27 maturity was seen changing hands at 8.50%. The 15.01.28 and 15.02.28 trading at 9.00% - 9.02%, the 01.05.28 maturity operating within 9.03%-9.02%, the 15.03.28 between 9.03%-9.01%, and the 15.10.28 quoted within 9.07%-9.08%, placing the overall 2028 segment in a narrow band of 9.00%-9.08%.