📈 Bond Yields Rise Amid Muted Activity; Major Auctions in Focus

• Secondary Bond Market: Yields moved upward for a second consecutive session, driven primarily by the 2032–2033 segment. Yields ranged from 10.05% (March 2028 maturity) up to 11.80% (October 2034 maturity). Trading volumes remained moderate. • Upcoming Treasury Auctions: • T-Bill Auction: Offering Rs. 80 Bn today (below maturing Rs. 103.77 Bn), comprising 91-day (Rs. 35 Bn), 182-day (Rs. 25 Bn), and 364-day (Rs. 20 Bn) tenors. • T-Bond Auction: Scheduled for Sept 11 to raise Rs. 150 Bn across 2030 (Rs. 70 Bn), 2034 (Rs. 50 Bn), and 2037 (Rs. 30 Bn) maturities. • Money Market & Liquidity: Net liquidity surplus stood at Rs. 119.80 Bn. Central Bank absorbed liquidity via repo auctions, including Rs. 40 Bn overnight at 8.74% and Rs. 15 Bn via a 7-day repo at 8.75%. Overnight call money weighted average rate stood at 8.87%. • Foreign Exchange: Rupee marginally depreciated against the US Dollar to close at Rs. 328.70/329.00 (vs Rs. 328.25/328.35 previously) on traded volume of US$ 118.25 Mn.