Activity stalls as secondary market hits pause

By First Capital Research

Activity in the secondary market remained rather lethargic yesterday as Monday’s tepid atmosphere continued to hold firm. 

This resulted in a static yield curve amidst limited volumes. Amongst the few trades that were carried out yesterday, the noteworthy ones were even fewer. 

At the short end of the yield curve, 01.05.2028 traded at 8.85% while 15.12.2028 traded at 9.00%. 

Moving ahead on the yield curve, 15.12.2029 was seen changing hands at 9.52%. Finally,15.09.2034 maturity traded at a rate of 10.88% yesterday. 

In the forex market, the LKR depreciated against the greenback, closing at Rs. 300.9/USD, compared to the previously seen rate of Rs. 300.7/USD. 

Meanwhile, overnight liquidity in the banking system contracted to Rs. 84.3bn from the previously seen level of Rs. 109.0bn.