Low activity persists as short-mid yields edge up

By First Capital Research

The secondary market yield curve saw subdued trading volumes and low activity, while yields recorded a mild uptick across the short to mid tenure segments. 

Within the 2028 maturity bucket, the 15.03.2028, 01.05.2028, and 15.10.2028 bonds traded at the rates of 9.15 percent, 9.20 percent and 9.26 percent, respectively. The 15.12.2029 maturity changed hands at 9.71 percent. Further along the curve, the 15.05.2030, 01.07.2030, and 15.10.2030 maturities were traded at the rates of 9.76 percent, 9.80 percent and 9.85 percent, respectively. 

Meanwhile, the 01.10.2032 and 15.06.2035 bonds, changed hands at yields of 10.35 percent and 10.76 percent, respectively.

On the external front, the Sri Lankan rupee depreciated against the US dollar, closing at Rs.309.85/US dollar, compared to Rs.309.75/US dollar recorded the previous day. Overnight liquidity in the banking system expanded to Rs.175.2 billion, from Rs.135.8 billion recorded previously.