Yields budged lower as buying spree enticed across board

After a consecutive selling interest, the secondary bond market yield curve inched lower by more than 10bps across the board compared to yesterday, as investors displayed bullish sentiment ahead of the weekly T-Bill auction which is scheduled for tomorrow. Accordingly on the short end of the curve, active investor participation was witnessed on 01.06.25 and 01.07.25 maturities which hovered in the range of 16.10%-15.90% while 15.05.26 maturity changed hands between 15.50%-15.35%. Moreover, on the mid end of the curve, 01.05.27 and 15.09.27 maturities traded between 15.35%-15.20% while auction maturities 01.05.28 and 15.05.30 traded within a range of 15.00%-14.80% and 14.75%-14.40%, respectively. First Capital Research