Bond Market Steady as Rupee Appreciates; CBSL Reaffirms Growth Outlook 📈

• Market Overview: Secondary bond yields consolidated with moderate activity as selling interest was absorbed by positive CBSL remarks. Net money market liquidity surplus stood at Rs. 161.35 Bn. • Economic Projections: CBSL Governor expects inflation to converge to the 5% target by 2H 2026/2027, with economic growth projected at 4%–5% in 2H, supported by tight monetary conditions and import curbs. • Forex & Yields: Rupee appreciated to Rs. 332/332.20 per USD on $ 112.48 Mn volume. Bond yields traded between 10.00% (2028) and 11.70% (2034).