Dull sentiment extends in secondary market

The secondary market yield curve remained broadly unchanged, with activities in the market continuing to remain subdued, as the investors adopted a wait-and-see approach followed by thin volumes. 
However, amidst slight buying interest, the 2028 maturities, 01.07.2028, 01.09.2028 and 15.12.2028, enticed trades between 12.25 percent-12.20 percent. 
On the external side, the rupee continued to appreciate against the greenback, closing at Rs.309.1. Overnight liquidity closed at Rs.-71.7 billion for the day while the Central Bank holdings remained stagnant at Rs.2,715.6 billion.
Meanwhile, the AWPR continued its downtrend as it shed eight basis points, closing at 11.42 percent for the week ending on March 01, 2024. 
Moreover, foreign holdings in government securities declined by 5.6 percent week-on-week and registered at Rs.93.6 billion as at March 01, 2024.