Secondary Bond Market Yields Dip; Rupee Appreciates 📈

• Secondary Bond Market continued its rally with strong buying interest, pushing yields lower, particularly in the 2028-2033 tenors. • Key Yields (sample): 01.05.27 at 8.56%; 15.02.28 at 8.90%; 01.11.33 traded down to 10.49%. • Total transaction volume on 7 Nov was Rs. 16.12 Bn. Market sentiment was supported by the ADB's approval of a US$ 100 Mn financing package. • T-Bond Auction Focus: The upcoming auction on 13 November will offer a total of Rs. 80 Bn. • Auction Breakdown: Rs. 35 Bn (1 July 2030 @ 9.75% coupon) and Rs. 45 Bn (15 June 2035 @ 10.70% coupon). • Money Market: Net liquidity surplus was recorded at Rs. 142.49 Bn. • Rs. 142.89 Bn was deposited at the CBSL's SDFR (7.25%). • Forex Market: The Rupee appreciated on spot contracts. • Closed at Rs. 304.15/304.20 compared to Rs. 304.80/304.90 the day prior.