T-Bond auction clears secondary market yields

Friday, 28 November 2025 05:32 - - {{hitsCtrl.values.hits}}

Wealth Trust Securities said the Treasury Bond auctions held yesterday produced remarkable outcomes, with both offered maturities clearing below secondary market rates.

The 01.03.2030 bond settled at a weighted average yield of 9.53% compared with the previous day’s 9.60 to 9.64% for a comparable tenor. The 01.06.2033 maturity closed at 10.39%, also below its earlier 10.45 to 10.50% range. Phase 2 of the auction was opened for the 2030 bond, while a 10% issuance window on the 2033 maturity remains available until 3 p.m. today.

Secondary market trading moderated after the auction, with limited activity across 2028, 2029, 2033 and 2034 maturities. Total secondary market turnover on 26 November amounted to Rs 28.60 billion. The money market recorded a liquidity surplus of Rs 92.26 billion, while overnight call money and repo rates averaged 7.94% and 7.96%